There are 2.9 million Latino households with a household income of $75,000 or more, according to the “Upscale Latino Consumers in the U.S.” report from Packaged Facts, accounting for a fifth of all Latino households. Latino households with an income ranging from $75,000 to $99,999 equal 10% of total Latino households, and those with an income of $100,000 or more represent 11%.
Between 2000 and 2010, the number of Upscale Latino households more than doubled, growing three times faster than the number of non-Latino upscale households. The average household income of Upscale Latinos is around $124,000, nearly four times greater than the income of other Latino households. Upscale Latino households generate 51% of the aggregate income of Latino households, with a buying power that reached $543 billion in 2011, according to Packaged Facts estimates. This buying power is projected to reach $680 billion in 2016, representing cumulative growth of 25%. READ MORE
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