Latinos in America Today: demographics

I will report in this and a following posting on historical changes in the Latino community in the U.S

A report from the Latino Donor Foundation estimates that if the US Latino population were considered an independent economy it would rank as the eighth largest economy in the world. The report also says that that U.S. Latinos account for nearly 30% of America’s growth in real income and from 2010 through 2017 U.S. Latino consumption grew 72% faster than non-Latinos US Latinos have comprise 87% of workforce growth since 2008.

Demographics: the report sets the Latino population at 58.7 million or 18% of total U.S. population. Annual Latino population growth was 2.0% in 2017 and has been above 2.0% for every recent year. Non-Latino population growth has been below 0.5% in each year from 2011 to 2018.

According to projections by the Census Bureau, by 2060, Latinos will have contributed 30 million people to the population of working age adults (age 18 to 64). In that same time, the population of non-Latino working age adults will have shrunk by one million.

This graph compares the age distribution of Latinos with non-Latinos.

Household formation: Growth in the number of Latino households from 2010-17 was extremely high, at 19 percent. For Non-Latinos, it was just three percent. Latino share of total households shot up from 11.6% to 13.2%

Education: although Latinos still lag behind non-Latinos in formal education (more less likely to complete HS or to get an BA) the improvement in educational achievement among 20-24 year olds between 2010 and 2017 is striking:

 

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