Latinos are the largest minority group in the U.S., and statistics show that only Mexico has a higher number of Latinos. Latinos now comprise 17% of the population, a figure expected to grow to 31% by 2060, according the U.S. Census Bureau. This increase will have significant demographic and business implications.
According to IHS Economics, Latinos are a younger and faster growing segment of the workforce. With high immigration rates continuing and baby boomers retiring, the growth of Latinos in the workforce will likely accelerate over the next few years. IHS predicts that this influx of human capital from places like Mexico, Central America and South America will stimulate increased investment in the U.S. and improve productivity.