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Hispanics Are The Majority In California

There are now 14 million Hispanics in California but they have a long way to achieve economic and political power.

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It is the second state, after New Mexico, where Latinos become majority.

March 2014 will be a historic month for U.S. Hispanics. For the first time since California was admitted to the American Union 164 years ago, Hispanics are the majority in the state.

According to estimates based on the 2010 Census, Hispanics represent 39% of the citizens of California. Non-Hispanic whites 38.8%.

California is now the state with the highest income in the U.S. and the largest population more than 38 million today. And starting this month is the second state, after New Mexico, to have a majority Latino population.

If the 15 million Hispanics living today in the state of California were in themselves a national economy, their total income would only be surpassed by seven countries in Latin America: Brazil, Mexico, Argentina, Colombia, Venezuela, Peru and Chile.

But if you take the annual per capita income, there would be no country in the region had an average higher than the purchasing power of Latinos in California.

With an average income of $ 18,000 a year, Hispanics in California are six times richer than the Hondurans and Nicaraguans. And earn, on average, to $ 4,000 more each year than Mexicans.

Overall, Hispanic businesses contribute over $ 100,000 million a year to the state’s economy and employ more than 650,000 workers.

But most important is that California is now facing a new generation of young Latinos who will witness and judges of the changes they forge.

The latest official figures show nearly 9 million Hispanics in California that are part of the so-called millennial generation, or “millennials” born in the late 20th and early 21.

They will be a key constituency, which will transform the public policy of the state and that will be key to drive the California economy. On present trends, by 2060 Hispanics will be 48 percent of the total state population. And everyone will remember to March 2014 as the month in which occurred the great demographic change in California.

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