African, Hispanic (Latino), and Asian American Demographics

The growth of ethnic minorities in America has been phenomenal. Since 1980, the Asian American population has almost tripled, Hispanic American more than doubled, Native American increased 62%, and African American increased 31%, while the non-ethnic population has remained almost the same.
This is a trend that is expected to continue. The latest estimates by the U.S. Census Bureau predict that the minority population will comprise fully half the U.S. population by the year 2050.

It may seem as if the same song is being sung by a number of different choirs. The opportunity to reach powerful segments is here today. But how about we not "dip our toes in the water" and make a true commitment to these segments? Let's be honest, we as marketers have known about this opportunity for a while.

No comments:

Post a Comment