U.S. consumer buying power change by ethnic group 2014-2019

This statistics presents a forecast of the growth in buying power of consumers in the United States between 2014 and 2019, broken down by ethnic group. According to the source, Latino buying power will experience the highest growth of 32.1 percent in the measured period, while Native Americans are expected to increase their spending by 29.2 percent by 2019. Among Asian consumers, household expenditure on food amounted to approximately 8.5 thousand U.S. dollars on average in 2016, while African Americans spent around 4.6 thousand U.S. dollars that year.

Growth in buying power of consumers in the United States between 2014 and 2019, by ethnic group

Change in buying power
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Sources

Release date

October 2014

Region

United States

Survey time period

2013

Special properties

all figures are forecasts

Supplementary notes

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Statistics on "Millennials in the U.S.: Grocery shopping behavior"

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