Multiracial in America
Proud, Diverse and Growing in Numbers
Multiracial in America
Proud, Diverse and Growing in Numbers
Multiracial Americans are at the cutting edge of social and demographic change in the U.S.—young, proud, tolerant and growing at a rate three times as fast as the population as a whole.
While multiracial adults share some things in common, they cannot be easily categorized. Their experiences and attitudes differ significantly depending on the races that make up their background and how the world sees them. For example, multiracial adults with a black background—69% of whom say most people would view them as black or African American—have a set of experiences, attitudes and social interactions that are much more closely aligned with the black community. A different pattern emerges among multiracial Asian adults; biracial white and Asian adults feel more closely connected to whites than to Asians. Among biracial adults who are white and American Indian—the largest group of multiracial adults—ties to their Native American heritage are often faint: Only 22% say they have a lot in common with people in the U.S. who are American Indian, whereas 61% say they have a lot in common with whites.1
Estimating the Size of the Multiracial Population
The U.S. Census Bureau finds that, in 2013, about 9 million Americans chose two or more racial categories when asked about their race.2 The Census Bureau first started allowing people to choose more than one racial category to describe themselves in 2000. Since then, the nation’s multiracial population has grown substantially. Between 2000 and 2010, the number of white and black biracial Americans more than doubled, while the population of adults with a white and Asian background increased by 87%. And during that decade, the nation elected as president Barack Obama—the son of a black father from Kenya and a white mother from Kansas.
The share of multiracial babies has risen from 1% in 1970 to 10% in 2013.3 And with interracial marriages also on the rise, demographers expect this rapid growth to continue, if not quicken, in the decades to come."
https://www.pewresearch.org/social-t...al-in-america/
Minority Markets of the U.S. of A. have $3.9 Trillion Buying Power according to the University of Georgia:
Newswise — Every racial and ethnic minority group in America is making financial gains but not at equal rates, according to the latest Multicultural Economy Report from the University of Georgia.
The annual report calculates the consumer buying power—or total income after taxes—for minority markets in the U.S.: African-Americans, Asian-Americans, Hispanics and Native Americans. The Multicultural Economy Report is published by the Selig Center for Economic Growth, a unit of UGA’s Terry College of Business.
The sustained growth of the U.S. economy culminated in an estimated $14.8 trillion of buying power nationally in 2018, an increase of 100 percent since 2000 and 30 percent since 2010, with the biggest percentage gains occurring in minority markets.
The combined buying power of blacks, Asian-Americans and Native Americans is estimated to be $2.4 trillion, while the nation’s Hispanics command $1.5 trillion in spending power—larger than the GDP of Australia.
“The economic expansion has been quite good in recent years, and we’re still seeing the benefits of that for every group in America,” said Jeff Humphreys, Selig Center director and author of the report. “While minority markets are certainly enjoying more buying power than ever before, the rate of growth differs. We find the largest percentage increases in the Asian and Hispanic markets, followed by relatively slower rates of growth in the African-American and Native American populations. Whites comprise the largest share of the U.S. market, but have the slowest percentage rate of buying power growth.”
https://www.newswise.com/articles/mi...n-buying-power
Bookmarks