The New Beb

Business Week calls it 'Hispanic Nation.' The new Latino Generation is a demographic like none the U.S. has ever experienced.
March 9, 2004, 7am PST | Chris Steins | @urbaninsight
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"They are 39 million strong, including some 8 million illegal immigrants -- bilingual, bicultural, mostly younger Hispanics who will drive growth in the U.S. population and workforce as far out as statisticians can project (charts). Coming from across Latin America, but predominantly Mexico, and with high birth rates, these immigrants are creating what experts are calling a "tamale in the snake," a huge cohort of kindergarten to thirtysomething Hispanics created by the sheer velocity of their population growth -- 3% a year, vs. 0.8% for everyone else... The U.S. has never faced demographic change quite like this before. Certainly, the Latino boom brings a welcome charge to the economy at a time when others' population growth has slowed to a crawl."

Thanks to Chris Steins

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Published on Monday, March 15, 2004 in Business Week
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