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Latino Buying Power
A Latina Data Geeks Guide to the Stats
?
English
Espa単ol
Digital Marketing
YEARS
25+
Marketing to Hispanics / Latinos
YEARS
15
Delivered
HISPANIC CAMPAIGNS
1K+
PROUD GEEK, MAMI,
ABUELA
Danay Escanaverino
Entrepreneur, Media
Consultant
Helped Clients Reach Hispanic Consumers.
Lets Talk DATA!
Brands Love Latinos
Multicultural Ad Spend is
expected to surge 8.4%
to a record $45.83 billion
in 2024
Latino Buying Power - May 2024 Presentation for Latino Caucus
Candidate? Issue?
Democrat? Republican?
Latino Buying Power - May 2024 Presentation for Latino Caucus
Latino Buying Power - May 2024 Presentation for Latino Caucus
Latino Buying Power - May 2024 Presentation for Latino Caucus
Latino Buying Power - May 2024 Presentation for Latino Caucus
5th Largest
Economy
Source: 2023 LDC U.S. Latino GDP Report
Latinos By The Numbers
63+ $3.4 5th
01 02 03
Million
Population
Trillion
Purchasing
Power
Largest
Global
Economy
Source: 2023 LDC U.S. Latino GDP Report
Behind US, China, Germany, Japan.
Ahead of India, UK, France, etc.
Purchasing Power
BRANDS
LATINOS
Meta (Facebook & Instagram) has a high share of Hispanic users, however, they
over-index on the international connection capability of WhatsApp, and youth-
fueled Snapchat and TikTok.
SOCIAL MEDIA
Latinos
over-index
on
WhatsApp.
Easiest
way to stay
in touch
with family
in country
of origin.
30 MILLION USERS
Source: The Nielsen Company Inclusion, Information, and Intersection: The
Truth about Connecting with U.S. Latinos 2022
Hispanics are largest consumers of
streaming tv content.
STREAMING TV
Source: Nielsen streaming media consumer survey, Q1 2022
Radio reaches
more Hispanics
every month than
any other linear
or digital media
platform.
RADIO / STREAMING
Source: Nielsen RADAR, Nielsen Scarborough - Q2 2022
Top 5 Hispanic content consumption in U.S.
NEWSPAPERS & MAGAZINES
10.00%
14.20%
15%
36.30%
24.50%
Sports
Law, Gov, Politics
Tech & Computing
Art & Entertainment
Current Events
Hispanics turn
to current
events,
entertainment,
sports and
lifestyle
content from
their country
of origin, or
that of their
parents.
US & International
News Sites.
Latino Buying Power - May 2024 Presentation for Latino Caucus
Latino Buying Power - May 2024 Presentation for Latino Caucus
Hispanic Impact on Economy
Workers
JOBS
Tax Revenue
TAXES
Job Growth
BUSINESS
How are we as workers?
Sources: U.S. Department of Commerce, Census Bureau, American Community Survey.
In 2021, the labor force participation
rate of Latinos was 5.4 percentage
points higher than that of non-
Latinos
Labor force participation among those 16 years and older, as percentage of the total respective population.
Latinos represent 40% of the US Workforce Growth.
WE GET THE JOB DONE
How do we
measure up as
entrepreneurs?
Sources: U.S. Department of Commerce, Census Bureau, American Community Survey.
5 million Latino-owned businesses in 2023.
$800 billion in annual revenue with an
economic output of $2.8 trillion.
86% Of all new business in the last 10 years
have been launched by Hispanics.
One out of 5 entrepreneurs are Latino.
Latinas create small businesses 6 times faster
than any other group in America.
Latino Buying Power - May 2024 Presentation for Latino Caucus
An aging America is counting on Latino contributions to
Social Security and Medicare.
TAXES
Contributed to
Social Security
$102 B
Federal, State and
Local tax revenues
come from
Hispanics.
$308B
Source: LDC U.S. Latino GDP Report (2022)
The number of Americans
ages 65 and older
is projected to
increase from 58 million in
2022 to 82 million by 2050
(a 47% increase).
U.S. Census Bureau, 2023 National Population Projections Tables: Main Series.
Latino Buying Power - May 2024 Presentation for Latino Caucus
An aging America is counting on
Latino contributions to Social
Security and Medicare.
How?
Home Ownership
Co-Borrowing
with FAMILY.
1/3 or Latino
Households
are Multi-
Generational.
Education
Latinos have made strides in education.
6.8% growth in number of Latinos with
a bachelors degree 2011 and 2021
compared to 2.8% for non-Latinos.
1. Hard workers
2. Top Spenders
3. Job Creators
4. Tax Contributors
5. Homeowners
6. College Educated
7. Family First
8. The Future
9. Important
10. $3.2 Trillion Strong
THIS IS REPRESENTATIVE OF LATINOS
Gracias!
danay@danay.net
LinkedIn.com/in/danay
English
Espa単ol

More Related Content

Latino Buying Power - May 2024 Presentation for Latino Caucus

  • 1. Latino Buying Power A Latina Data Geeks Guide to the Stats ? English Espa単ol
  • 2. Digital Marketing YEARS 25+ Marketing to Hispanics / Latinos YEARS 15 Delivered HISPANIC CAMPAIGNS 1K+ PROUD GEEK, MAMI, ABUELA Danay Escanaverino Entrepreneur, Media Consultant
  • 3. Helped Clients Reach Hispanic Consumers.
  • 5. Brands Love Latinos Multicultural Ad Spend is expected to surge 8.4% to a record $45.83 billion in 2024
  • 13. 5th Largest Economy Source: 2023 LDC U.S. Latino GDP Report
  • 14. Latinos By The Numbers 63+ $3.4 5th 01 02 03 Million Population Trillion Purchasing Power Largest Global Economy Source: 2023 LDC U.S. Latino GDP Report Behind US, China, Germany, Japan. Ahead of India, UK, France, etc.
  • 16. Meta (Facebook & Instagram) has a high share of Hispanic users, however, they over-index on the international connection capability of WhatsApp, and youth- fueled Snapchat and TikTok. SOCIAL MEDIA
  • 17. Latinos over-index on WhatsApp. Easiest way to stay in touch with family in country of origin. 30 MILLION USERS Source: The Nielsen Company Inclusion, Information, and Intersection: The Truth about Connecting with U.S. Latinos 2022
  • 18. Hispanics are largest consumers of streaming tv content. STREAMING TV Source: Nielsen streaming media consumer survey, Q1 2022
  • 19. Radio reaches more Hispanics every month than any other linear or digital media platform. RADIO / STREAMING Source: Nielsen RADAR, Nielsen Scarborough - Q2 2022
  • 20. Top 5 Hispanic content consumption in U.S. NEWSPAPERS & MAGAZINES 10.00% 14.20% 15% 36.30% 24.50% Sports Law, Gov, Politics Tech & Computing Art & Entertainment Current Events Hispanics turn to current events, entertainment, sports and lifestyle content from their country of origin, or that of their parents.
  • 24. Hispanic Impact on Economy Workers JOBS Tax Revenue TAXES Job Growth BUSINESS
  • 25. How are we as workers? Sources: U.S. Department of Commerce, Census Bureau, American Community Survey. In 2021, the labor force participation rate of Latinos was 5.4 percentage points higher than that of non- Latinos Labor force participation among those 16 years and older, as percentage of the total respective population.
  • 26. Latinos represent 40% of the US Workforce Growth.
  • 27. WE GET THE JOB DONE
  • 28. How do we measure up as entrepreneurs? Sources: U.S. Department of Commerce, Census Bureau, American Community Survey. 5 million Latino-owned businesses in 2023. $800 billion in annual revenue with an economic output of $2.8 trillion. 86% Of all new business in the last 10 years have been launched by Hispanics. One out of 5 entrepreneurs are Latino. Latinas create small businesses 6 times faster than any other group in America.
  • 30. An aging America is counting on Latino contributions to Social Security and Medicare. TAXES Contributed to Social Security $102 B Federal, State and Local tax revenues come from Hispanics. $308B Source: LDC U.S. Latino GDP Report (2022)
  • 31. The number of Americans ages 65 and older is projected to increase from 58 million in 2022 to 82 million by 2050 (a 47% increase). U.S. Census Bureau, 2023 National Population Projections Tables: Main Series.
  • 33. An aging America is counting on Latino contributions to Social Security and Medicare.
  • 34. How? Home Ownership Co-Borrowing with FAMILY. 1/3 or Latino Households are Multi- Generational.
  • 35. Education Latinos have made strides in education. 6.8% growth in number of Latinos with a bachelors degree 2011 and 2021 compared to 2.8% for non-Latinos.
  • 36. 1. Hard workers 2. Top Spenders 3. Job Creators 4. Tax Contributors 5. Homeowners 6. College Educated 7. Family First 8. The Future 9. Important 10. $3.2 Trillion Strong THIS IS REPRESENTATIVE OF LATINOS

Editor's Notes

  1. Thank you Bez and The Latino Caucus DGP and Gracias to everyone joining us tonight. Im super excited about sharing my favorite number with you today! YES< I said number. But more on that soon.
  2. Let me tell you a little bit about me.
  3. I have had the pleasure of working with some great brands through my career. Now, back to that NUMBER
  4. Most people dont send hours and days reading market research studies and analyzing data So I wanted to give you a look into a day in the life of a digital marketer THIS is an ACTUAL photo of me in my environment, analyzing trends and market share. As you can see, sometimes those numbers jump right out at YA Its quite a dangerous industry. Seriously though, lets jump into the DATA
  5. Brands LOVE Latinos To the tune of billions in ad spend They LOVE us Want to reach us Willing to spend A LOT of money
  6. You may be wonrdering, SO WHAT, WHAT DOES THIS MEAN to ME? Much like my mother does, whenever I start spewing numbers about Latinos and marketing. While I may be a big ole data geek and love talking about these numbers, my mom and most people DO NOT. So I have to take a step back and do a better job of connecting the importance of this data to our day-to-day lives. And Why I think its super important for everyone here to know this and communicate it.
  7. You may be wondering, Is it because I want you to vote for a specific candidate, no A specific issue? Not at all
  8. So then it must be that she wants us to vote Democrat? NOPE Republican? Tanpoco. No
  9. I am here to address the elephant in the room show you how my favorite number is part of the solution.
  10. You see, every day we are all bombarded by these types of images. In fact, when I search google for the word latinos This is what comes up. THIS is NOT representative of latinos. Now, this IS an important issue that needs discussion, debate and solutions. But I am NOT here to discuss THIS particular issue.
  11. I am here to talk about how the media portrays LATINOS in a negative fashion, Reducing us to only this topic. So back to that Google search. When I think of the latinos I know and the ones in every corner of this fabulous country. I think of these stories, which are TRUE representations of who we are and what we contribute. AND I had to dig to find these. 20-30 bad news articles for each one of these.
  12. So TODAY, I am here to share this number with you. $3.2 Trillion If you leave here, not remembering anything more than a photo of an elephant and this number, I will have been successful.
  13. Is what Latinos represent with regards to economic output. GDP is how a countrys wealth is determined. That is the GDP (gross domestic product) that we represent, if you counted all latinos in the US. 5th largest economy in the WORLD. Not in top 10, top 5 GDP = private consumption + gross private investment + government investment + government spending + (exports imports).
  14. GDP = Purch Power =
  15. So why are we so sexy to brands? Remember that purchasing power of 3.4 T? We are also everywhere all the time.
  16. We overindex on all social media usage Our youth as a demographic is a contributing factor
  17. Almost half of all Latino are on WhatsApp Versus 20% (not even 村)
  18. You know how we keep hearing that Nwspapers and Magazines are dying Not thanks to Latinos We overindex on those too
  19. Spanish language websites are from all Spanish speaking countries. So we are keeping the industry alive and well here and all over the world.
  20. SO WHAT. You say Why is that important?
  21. That 3.2 T isnt just about what we buy Its about our contributions to this country And the economy We all know the Drain on the Economy rhetoric So Lets break it down
  22. So lets talk about that. How do we measure up With Jobs, Taxes, Business What does that $3.2 T actually look like?
  23. We know that latinos love to work. We are hardworking. We work HARD and As brands already know, We BUY hard
  24. Like Lin Manuel says, We get the job done.
  25. How about as Entrepreneurs? That 3.2T has to come rom somewhere. What we earn what we buy what we create who we employ
  26. Latinos contributed $102 / $308 NOW, I am going to make a statement: America is depending on Latinos for SS and Medicare, Im not making that up The data absolutely backs that claim up.
  27. Those of us who have already paid our share of SS rely on the younger generation of workers to be able to pull our money out when we hit retirement age. Because the GOV spent our money as soon as it comes in.
  28. Now lets look at the current population. Go Over colors Hispanics will be paying a large share of SS
  29. America is depending on Latinos for SS and Medicare, Im not making that up The data absolutely backs that claim up.
  30. Even though, home ownership has been difficult with high interest rates. Latinos found a way, as we always do. We solved the problem of higher interest rates with FAMILY.
  31. So, when you see these images everywhere, or you encounter folks who may say negative things I want you to remember the $3.2 Trillion BECAUSE It is simply a NUMBER, that shows And THAT is a TRUE, DATA BACKED representation of Latinos.