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Purchasing Power:
$452.4 billion in 2001 (Selig
Center)
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118% increase from 1990 to
2001.
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Latinos had a real per capita
income of $9,204 in1990 compared to $12,557 in 1999- a 36.4% increase.
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The per capita income of
Hispanics in the US is higher than that of any Latin American country.
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The amount of disposable
income will continue to grow as the population ages and new immigrants
acculturate to a new lifestyle.
It is estimated that the 35.3 million Hispanics are discounted by 6% (2.1
million) due to illegal immigration. These 2.1 million Hispanics often
work “under the table” and represent an important part of the economy of
many US cities.
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Hispanic owned businesses in
the US totaled 2.2 million firms, employed over 1.3 million people, and
generated $186.3 billion in revenues in 1997.
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The 2000 median income was
the highest ever recorded in real terms by the CPS for Hispanic
households. (see U.S. Census Publication:
Money Income in the United States - September, 2001)
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Hispanic households had a
median income of $33,447 in 2000, up 5.3% from 1999.
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