Education Statistics of Hispanics and African Americans Infographic

By Martha C. Rivera, Director, Strategy and Insights and Beata Luczywek, Junior Account Executive Education is a growing trend among multicultural markets. Today, a significantly greater portion of Hispanics and African Americans has a high school diploma than 12 years ago. Dropout rates from 2000 to 2012 have decreased significantly for all minority groups: Hispanics, Blacks and Asians. Furthermore, Hispanics are by far the largest minority group on college campuses 1 and these trends keep growing. The College Board predicts that from 2012 to 2019, the number of White college students will increase by 5%, while the number of Hispanic college students will increase by 27% 2. These minority groups’ gains in educational attainment indicate a need for institutions, such as schools and other businesses that offer educational goods and services, to establish programs specifically for these groups. “The expanding success of multicultural groups in education opens opportunities for many organizations,” upholds George. L San Jose, president and chief creative officer at The San Jose Group. “The organizations can expand their services to multicultural members of their community by playing a vital role in making dreams come true, while, at the same time, experiencing significant business growth – a mutually beneficial...

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11 Million More Reasons to Market to Hispanics

By: George L. San Jose, President and CCO of The San Jose Group Major advertisers will soon have approximately 11 million more reasons to establish a robust multicultural marketing program. For the second time in thirty years, the Hispanic population in the United States could grow by millions overnight. As the government continues to devise a plan for documenting immigrants—who are energetic consumers and large contributors to the $1.4 trillion Latino spending power, but not included in any of the demographic or physiographic information used by marketers to allocate budgets and resources—marketers must proactively connect with this rapid growing and ever powerful Hispanic consumer, or face a declining market share. Hispanics make up 16.2 percent of the overall U.S. Population and, most importantly, account for an average of 37 percent of the population across the U.S.’s ten largest DMAs. With immigration reform, these numbers will surely surge again. In the 1980s, millions of undocumented immigrants who gained legal status in the U.S. through the Immigration and Reform Control Act were active consumers yet ignored by marketers who based their budgetary decisions on published reports instead of the U.S.’s actual population size and demographics. Retailers and merchants in Hispanic communities benefited from the strength and the power of these undocumented residents. For example, during this time small Hispanic supermercados (also known as “bodegas”) outperformed large general market grocers by a 3:4 ratio on many well-known American products when marketed in-language. When Congress passes fair and sustainable immigration reform legislation, the U.S.’s Hispanic population could reach upwards of 60 million with nearly 55 percent residing in the top ten DMAs. Most importantly, the largest percentage of this population speaks and consumes media that is culturally relevant and offered in their preferred languages. Altogether, this reformation creates marketing opportunities for TV and radio broadcasters, online/mobile marketers and overall marketing communication strategists as more advertisers seek to reach this growing consumer group. The Hispanic segment will now be visible and real, showing up in consumer research data as well...

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Ethnic Buying Power: Population Growth and Income Infographic

By Martha C. Rivera, Director, Strategy and Insights The estimated buying power that U.S. multicultural consumers will attain by 2015 is more than three trillion dollars. Marketers have realized long ago that the buying power of the Hispanic population grows significantly from year to year. However, many are not aware that the buying power of some other minority population segments, particularly African Americans and Asian are also on the rise.  It has been estimated that the Hispanics buying power will increase by 50%, while the African Americans and Asians spending power will grow by 25% and 42% respectively.  The resulting disposable income should spark the interest of marketers in their brand’s minority audiences. “The enormous growth of the disposable income amongst multicultural segments of population is something that marketers across the country should realize in order to explore creative ways to reach out to these important population segments. The figures shown in the attached Infographic speak by themselves,” said George L. San Jose, president and chief creative officer of The San Jose Group....

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