Thursday, December 11, 2014

Hispanics' Daily Spending Well Above U.S. Average

According to a new Gallup Survey, hispanic adults in the U.S. in 2014 have reported spending more money on a daily basis, on average, than is typical for the U.S. adult population: $96 vs. $90, respectively.

One likely reason Hispanics report higher average spending than whites and blacks is that they are more likely to have children younger than 18 living in their households. Half of Hispanics report having children younger than 18, compared with 29% of whites, 39% of blacks and 36% of Asians. Previously, Gallup has found that having children is associated with higher daily spending, and analysis of 2014 data shows that within each major racial and ethnic group, those who have children spend substantially more than those who do not.

1 comment:

  1. This means almost $33,000 a year per person in such spending on average. But if we look at the charts of what people actually earn in a year and then consider this spending does include taxes or housing or car payments or utilities, um there's a serious financial issue at hand. The difference has to be made up with either debt, welfare, or both.