Tetiana Dadochkina’s Post

LATINOS/AS DRIVERS OF ECONOMIC AND POPULATION GROWTH It is important for Latino/a entrepreneurs to know of the economic potential of the Latinos/as. By 2026, we are projected to be a market representing $2.8 trillion. The population growth is also quite dynamic. What follows are selected sections quoted from "AXIOS Latino." Latinos accounted for more than 70% of the overall growth of the U.S. population between 2022 and 2023 — driven mainly through high Hispanic birth rates, new U.S. Census Bureau estimates released today show. The explosive growth confirms what many demographers have been predicting: the U.S. is becoming less white and more Latino and Asian American as the nation gets closer to the 250th anniversary of its founding. Latinos of any race grew to just over 65 million last year, an increase of 1.16 million (1.8%) from the prior year, according the U.S. Census Bureau. International migration was only about one-third of the overall net gain in the Latino population, with 437,000 migrants coming into the country. Hispanics of any race made up almost one-fifth (19.5%) of the U.S. population in 2023, making it the second-largest group after non-Hispanic white Americans.

"The future of the nation’s labor force #productivity and economic #well-being will rely heavily on the success and integration of today’s and tomorrow’s increasingly multiracial younger population. Although the term “diversity” has become a politically divisive one in conversations about policies ranging from affirmative action to #diversity, #equity, and #inclusion programs, the changing demographics evident in these census statistics underscore the need to make #education, #employment, and related #opportunities available to #young populations of all racial and ethnic groups." https://lnkd.in/eq9gwPvi The Brookings Institution

The Hispanic population in the U.S. continues to climb, according to the latest census estimates, propelling a slight increase in the overall population while also buttressing metro areas where growth would have otherwise stalled. At the same time, the U.S. continues to grow older as the baby-boomer population ages and the number of children declines, according to the Census Bureau. The latest estimates from the year ended July 1, 2023, underscore a demographic shift spanning the U.S. that was fueled by the growing number of Hispanic people. The U.S. Hispanic population grew by 1.16 million to more than 65 million in the recently estimated year, accounting for roughly 70% of overall population growth in that period. The overall population grew less than 1% to nearly 335 million. About one-third of the Hispanic gain—more than 437,000 people—was due to migrants entering the U.S., the Census Bureau estimated. The rest came from Hispanic births outnumbering deaths. This growth was a difference-maker in many urban areas, including metro Philadelphia, Milwaukee, Salt Lake City and Louisville, Ky. While the non-Hispanic population shrank in all of these places in the most recent year, the Hispanic population grew enough to more than offset those declines. A growing Hispanic population also more than offset shrinking among other groups in several major counties, including Miami-Dade and Broward in Florida. The Hispanic population is young—accounting for more than one in four people under age 18—setting it up to have a rising political impact in the coming years and decades. The 2020 census showed the Mexican population, including people from Mexico or with Mexican roots, remained the largest U.S. Hispanic group, accounting for nearly 58%. The Venezuelan population was growing the fastest, though, in part owing to Venezuela’s instability, which has contributed to a surge in migration to the U.S.

  No surprises in the recent U.S. Demographic Trends. The latest U.S. Census Bureau data, revealing dynamic shifts in the nation's population! 📈 In the year ending July 1, the U.S. added over 1.6 million people, marking the highest annual growth in five years. 🌐 Southern Surge: The South emerged as the powerhouse, contributing to 87% of the nation's growth. Texas, Florida, North Carolina, and Georgia played key roles in making the South the most populous region. 🚀 Texas lead the nation with a numeric gain of 473,453 residents, closely followed by Florida with 365,205. South Carolina claimed the top spot for the highest annual percentage gain at 1.7%. 🏞️ Western Resilience: Western states experienced significant growth, gaining 137,299 people. Arizona, Colorado, and Utah led in numeric gains, while Idaho stood out for remarkable percentage growth. 🌅 Pacific Optimism: While California, Oregon, and Hawaii continued to see population decline, the pace slowed compared to the previous year, hinting at potential shifts in migration patterns. 🌆 Northeast Stability: The Northeast reported a smaller decline of 43,330, with only New York and Pennsylvania showing drops. This signals relative stability in other states within the region. 🔄 Midwest Rebound: After two years of decline, the Midwest bounced back with a moderate gain of 0.2%, adding over 126,000 people. Factors include lower outmigration, increased international migration, and growth in specific states. These trends paint a picture of the U.S. demographic landscape in 2023, showcasing the South's dominance, Texas's triumph, and positive signs across various regions. #costar #demographics #uspopulation #economy https://lnkd.in/egiHVR5X  

What's happening: In 2023, Latinos drove a significant portion of the U.S. population increase, accounting for over 70% of the overall growth, as reported by new U.S. Census estimates. The Latino population expanded to just over 65 million, marking a 1.8% increase from the previous year. This growth was primarily fueled by high Hispanic birth rates, with natural increases contributing approximately 722,000 more births than deaths. International migration added 437,000 individuals, comprising about one-third of the total net gain in the Latino population. In contrast, the non-Hispanic population saw a minimal 0.2% increase. These demographic shifts reflect a broader trend towards a more diverse America, with Latinos and Asian Americans playing increasingly prominent roles as the nation approaches its 250th anniversary. https://lnkd.in/gwsJR5f2 #LatinoBuzz

The world will close out 2023 with 75 million more people than when the year began, the U.S. Census Bureau said this week. This puts the annual pace of growth worldwide at just below 1% — roughly twice that of the United States, which added 1.7 million people and saw its population grow by 0.53% over the past year. By New Year’s Day, the global population will stand above 8 billion, the Census Bureau said, noting that pinning down precise dates is challenging and that the threshold was likely crossed in recent months. If the current U.S. rate holds steady, the 2020s could be the slowest decade for population growth in U.S. history, a Brookings Institution demographer told The Associated Press. U.S. population is estimated to surpass 335.8 million by New Year’s Day.

🌟 Counting Diversity: The U.S. Census just got a makeover! 📊 For the first time in nearly three decades, it’s revamped how it asks about race and ethnicity. Here’s the scoop:  Hispanic Population: The new single, combined question aims to provide a more accurate look at the U.S. Hispanic population.   Questions surrounding an individual’s ethnicity and racial background in government documents can be confusing. According to a Pew Research Center report, “Four-in-ten Hispanics (42%) marked their race as ‘some other race’ in the 2020 census without marking any other response.” 23% of Latino adults said the census represented their identity “not too well” or “not at all well.”  Middle Eastern and North African (MENA): Yes, there’s finally a category for MENA heritage! 🌍  Under this reformatted question, “Hispanic or Latino” and “Middle Eastern or North African” will be listed as options. Previously, people who identify as Middle Eastern or North African were expected to mark the “White” option.  Critics say this change will lead to better and more accurate data collection.  ℹ️ Learn more about the changes: https://lnkd.in/emGkBZMn  #Census2024 #Diversity #DataCollection #MENA #HispanicPopulation #Latinos #USCensus #CensusUpdates #LatinoStats  

👬 Fun fact: Did you know that #white #men make up less than 29% of the U.S. population? 👭 👬 And white people in general make up less than 20% of the world's population? 📉In the US, the white, non-Hispanic population has declined to 57.8% of the total population (Census.gov 2021). 📈The number of multiracial people living in the U.S. in 2020 has increased by 276% over the 2010 census (United States Census Bureau 2021). 📊White, non-Hispanic men make up less than half of the 57.8% of the US white population, because women make up more than half of the population at 50.5% 🐕Given these numbers, I am always so surprised when businesses, products, political movements so doggedly train their focus on such a small demographic group. Yet, this seems to be an increasingly prominent approach... but it is always a losing strategy.

This is a BIG deal! Many of you have seen me speak on the 2 U.S. Census questions that cover Ethnicity first and then Race. Now, a committee has combined those two questions into just one and are including a new individual category for Middle Eastern and North African people.  Demographic categories for the next 2030 census will now include: - American Indian - Alaska Native - Asian - Black or African American - Hispanic or Latino - Middle Eastern or North African - Native Hawaiian or Pacific Islander - White In previous censuses, most people of Middle Eastern background were listed under the “White” category, and Hispanic people were considered an ethnicity, separate from race. People of North African descent did not have a clear individual category. #representationMatters #diversity https://lnkd.in/eFEdk4Gt