The U.S. Hispanic population is now one fifth (19.5%) of the total population, compared with under 15% twenty years ago in 2005.

This growth is due to immigration and younger age (and therefore more birth production). This mirrors the age profile: the median age of Hispanics is 31 vs the non-Hispanic population at 41. Interestingly, the fertility rate among Hispanic women, while relatively high in the past, is today very close to the national average of about 1.75.   Even if Hispanic migration grounds to a halt, the relative youth of Hispanics mean many more Hispanic births in the next 20 years.

Since 2010, the Hispanic population has grown annually (compounded) by 2%; the entire non-Hispanic population by 0.4% and the non-Hispanic white population by negative 0.25%.

Hispanic household formation grew an annual average of 2.8% vs non- Hispanics at 0.7%.  Nearly half (44%) of Hispanic heads of household are Gen Z or Millennials (i.e. born after 1980), compared to only 32% of non-Hispanic homes. Hispanic home ownership since 2010 grew six times faster than non-Hispanic home ownership. Household formation is a foundation to a country’s economic health.

Average income growth among Hispanics since 2010 has been 3.8% vs non-Latino at 1.5%. In 2005, the median individual annual income of Hispanics was 40% less than that of whites. Today, it is 25% less (but about by the same absolute amount of $25,000). This is likely do less

Higher education: between 2005 and 2019, Hispanic bachelor’s degree attainment grew at twice the rate (64% vs 31.7%) of non-Hispanic whites during this period.

Between 2010 and 2023 the Hispanic “GDP” (analyzed here) grew by 75% vs 27% for the non-Hispanic population. On an annual basis, the Hispanic GDP growth (compounded) averaged 4%.