The Biggest Dollar Demographic in Your Future

This in from the Wall Street Journal:

• Hispanics now account for more than 15% of the U.S. population
• Hispanics control more disposable income than any other minority group. The figure stands at $860 billion a year and is expected to hit $1.3 trillion by 2012.
• Between 2000 and 2007, 16 states -- among them West Virginia, Illinois and New Jersey -- saw their white population decline, according to the new Census data. Over the same period, whites accounted for a majority of population growth in only 11 states.
• According to the Pew Research Center, whites are projected to make up only 45% of the working-age population in 2050, down from 68% in 2005.
• The center projects that the share of Hispanics in the working-age population will double rising from 14% to 31%.

FROM WSJ

If this is not a wake up call to take the Hispanic Demographic more, seriously I do not know what is.

Comments

[Nathan Blair]

I've really started to notice this in my market. I'm hearing deals done in Spanish so much more these days, and it's only getting more prevalent. I don't think many agents here have really awakened to it, but they'll have to soon enough.

[Rebecca Levinson]

They have been reporting on this demographic up and coming since 2001. Now there is NAHREP,but I don't see any strides for some of the big listing portals to be more bilingual friendly. Are hispanics not coming online? I would doubt that sincerely.