[tweet_dis]Hispanic growth in income and population across all ages will drive increases in consumer spending that will exceed the shopping totals of the millennial demographic by 2020[/tweet_dis], Morgan Stanley analysts said Monday.
Hispanics should grow their “share of consumer wallet,” otherwise known as retail spending, by 1.6 percentage points by 2020 outpacing millennial growth of 0.6 percentage points and growth for whites over the age of 65 of 0.4 percentage points, Morgan Stanley said in a research report.
[tweet_dis]“Income progress” among Hispanics was larger than any other group in 2013 and 2014[/tweet_dis], the bank said. Areas that should see increases as a result include food at home . . . READ MORE [Photo courtesy of USDA]
Suggested reading
Javier O. Huerta
In this innovative work that uses grocery stores as a guiding motif, Javier O. Huerta deftly combines English and Spanish to explore his identity as an immigrant, naturalized citizen, son, brother, lover, graduate student. Visits to grocery stores in the U.S. and northern Mexico lead to questions about himself. “I often wonder if I would have grown up thin had my family stayed and bought groceries in Mexico. The day we crossed the river my seven-year-old body had not an ounce of fat on it,” he remembers.
But he looks beyond his own personal circumstances as he explores the abundance of experience found in going to the grocery store. Through poetry written in Spanish, a short play, non-fiction passages and even text messages, Huerta delves into subjects such as consumerism and health foods available only to a limited class of people. The diverse pieces and themes in American Copia pulsate with all that can be both communal and autonomous in everyday life. Men take advantage of women; people protest against practices that place corporate profits above a fair wage for farmworkers; and, sometimes, people commit acts of violence.
By Tonya Garcia, Market Watch
