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September 1998, Volume 5, Number 9

Hispanics, Asians

The Census reported that there were 30 million Hispanics in the US in 1997 and 34 million African Americans--11 percent of US residents were Hispanic, compared to nine percent in 1990. The number of Hispanic residents increased 33 percent in the 1990s, from 22 million in 1990.

There are projected to be 36 million Hispanics and 36 million Blacks in 2005; the Hispanic population is expected to surpass the Black population after 2005 because of immigration and relatively high birth rates. About 44 percent of Hispanics and 10 percent of all US residents, were born abroad.

If these projections hold, the Hispanic population will have doubled in the 25 years between 1980 and 2005. By 2050, there are projected to be 96 million US Hispanics. "The Hispanic Population in the United States," March, 1997, PPL-105, is available at: http://www.census.gov/population/www/socdemo/hispanic.html />
In July 1998, the federal government reported that, for the first time, the number of Hispanic children surpassed the number of African-American children; 10.5 million compared to 10.4 million. About five percent of US children speak a language other than English at home and have difficulty speaking English. The share of white non-Hispanic children is 66 percent.

The Census counts as Hispanic all those who identify themselves as Hispanic, even if they also identify themselves as white or Black. If Hispanics who also consider themselves Black were counted as African-American, that group would continue to outnumber Hispanics for another three years.

According to the Census projections, Hispanics of all races will represent 25 percent of the US population in 2050, up from nine percent in 1995. Asians will account for nine percent, up from three percent in 1995. The non-Hispanic white population will decline to 50 percent from 75 percent over the same period, while the Black population will rise slightly to 14 percent from 12 percent.

President Clinton reportedly called the end of the non-Hispanic white majority in the US the "third great revolution of America." Clinton in 1997 said: "Along with our founding, which was an act of genius, and the freeing of slaves in the Civil War and the long civil rights movement, this (demographic change) will arguably be the third great revolution of America, if we can prove that we literally can live without having a dominant European culture."

A profile of the largest Hispanic-owned businesses in the US by the magazine Hispanic Business found that Vincam Group Inc., an employment services company based in Coral Gables, Florida, had $1 billion in revenue in 1997. The top 500 Hispanic-owned businesses can be viewed at:
http://www.latimes.com/smallbiz />
More than 60 percent of immigrants live in seven metropolitan areas: Chicago, Houston, Los Angeles, Miami, New York, San Francisco and Washington.

The population of San Francisco in 1996 was 750,000 and was 39 percent non-Hispanic white; 34 percent, Asian; 16 percent, Latino; and 11 percent, Black. Many of the whites are elderly: among those 19 and under, the population was 21 percent non-Hispanic white; 41 percent, Asian; 22 percent, Latino; and 15 percent, Black.

In 1996, five percent of white teenagers aged 15 to 19, nine percent of Blacks, and 10 percent of Hispanics gave birth, the lowest rates of the 1990s. Altogether, about 500,000 babies were born to teenage mothers in 1996.

On May 7, Ernst & Young released a study finding that, with a record 10 million immigrants joining the US population in the 1990s, there will be significant opportunities and risks for the US real estate industry. The real estate industry, says a partner for Ernst & Young, "will have unprecedented opportunities to create the housing, retail shops, manufacturing and distribution facilities, offices, educational facilities and communities where the new Americans will live, shop and work." For more information:
http://www.gallen.com/eykl/Immigrat.htm />
Among the study's predictions: 1) the time it takes for immigrants to save for a home will drop from ten years to six; 2) immigrants will cluster in "gateway cities," such as Los Angeles, drawn by networks of family and friends; 3) new immigrant-generated companies will attract US and foreign capital; and, 4) the retail sector in inner cities will benefit from immigration.

African Americans. There were 34 million African-Americans in the US in 1997, and they were about 13 percent of the US population. About 74 percent of African-Americans aged 25 years old and over had at least a high school education; 14 percent had at least a bachelor's degree. For more information:
http://www.census.gov/population/socdemo/race/black />

Ramon G. McLeod, "New look at growth of Latino population," San Francisco Chronicle, August 7, 1998. Steven A. Holmes, "Hispanic population is near overtaking that of US Blacks, New York Times, August 7, 1998. Barbara Vobejda, "Hispanic Youths Outnumber Blacks," Washington Post, July 15, 1998. Mary Umberger, "The New Wave: Home-Selling Industry Hears the Evidence: Immigration is Opportunity," Chicago Tribune, May 17, 1998.