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Understanding Latino Boomers

Understanding Latino Boomers

Understanding Latino Boomers

Focalyst, a reseach firm specialized in seniors and boomers, presented the results of a new study that provides valuable insights on one of the most complex segments of the U.S. Hispanic population: seniors

Latino Boomers (those born between 1946 and 1964) represent approximately 10% of the U.S. Boomer segment – over 7 million consumers – but cannot be segmented by language alone, a Focalyst study concludes.

“Marketers need to look beyond language and understand the demographic, attitudinal and behavioral differences within the Latino Boomer market in order to reach this target,” said Jack Lett, executive director of Focalyst.

Two in three Hispanic Boomers are “more acculturated,” considered either “Bicultural” or “Acculturated” :

•Bicultural Hispanics – 24% of Latino Boomers – are US-born or foreign-born and have lived many years in the US; they are bilingual and consume both English and Spanish media; they identify with aspects of both cultures.

•Acculturated Hispanics – 41% – are US-born and English-dominant; they consume English media; and they identify strongly with American culture, but still keep ties with their Hispanic culture.

•Unacculturated Hispanics – 35% – are foreign-born and speak Spanish in the home; they consume more Spanish than non-Spanish media; and they identify strongly with their native culture.

Understanding Latino Boomers: Demographic Profile

The study found that Bicultural Hispanic Boomers…

•Earn 23% less income on average than General Market Boomers ($56,607 compared with $73,921) – though they are equally likely to be employed (77%).

•Are slightly more likely to be married or partnered (75%) than both Acculturated (64%) and General Market Boomers (69%).

•Are less likely to be college educated – 55% of them have a college education, compared with 69% of Acculturated Boomers and 73% of General Market Boomers.

Understanding Latino Boomers: Family

Hispanic Boomers live in larger households (3.3 people per household vs. 2.9 for the General Market), often made up of younger children, adult children, or older relatives. Bicultural households have the largest household composition (3.6 people):

In addition…

•Acculturated Boomers are the most likely to be a caregiver for a family member, with 14% recently taking on this role.

•Besides supporting larger households, one in four Latino Boomers are providing substantial financial support to someone outside of their homes.

Understanding Latino Boomers: Future Plans

Acculturated Latino Boomers are more likely to aspire to continue their education (28%), whereas Bicultural Hispanics have more entrepreneurial desires – 32% said they want to start a new business, compared with 17% of General Market Boomers:

More findings:

•More than half (51%) of Bicultural Latino Boomers said it is important that their family think they are doing well

•86% of Bicultural Hispanic Boomers agreed that they have been fortunate in life, and 80% said they have accomplished a great deal – more so than General Market (77%) and Acculturated (76%) Boomers.

When it comes to a kid's television-viewing habits, the mom's language can matter.
Six out of 10 Hispanics are U.S.-born
word of mouth offline

Source: Marketing Charts

Understanding Latino Boomers

Understanding Latino Boomers

Understanding Latino Boomers

Focalyst, a reseach firm specialized in seniors and boomers, presented the results of a new study that provides valuable insights on one of the most complex segments of the U.S. Hispanic population: seniors

Latino Boomers (those born between 1946 and 1964) represent approximately 10% of the U.S. Boomer segment – over 7 million consumers – but cannot be segmented by language alone, a Focalyst study concludes.

“Marketers need to look beyond language and understand the demographic, attitudinal and behavioral differences within the Latino Boomer market in order to reach this target,” said Jack Lett, executive director of Focalyst.

Two in three Hispanic Boomers are “more acculturated,” considered either “Bicultural” or “Acculturated” :

•Bicultural Hispanics – 24% of Latino Boomers – are US-born or foreign-born and have lived many years in the US; they are bilingual and consume both English and Spanish media; they identify with aspects of both cultures.

•Acculturated Hispanics – 41% – are US-born and English-dominant; they consume English media; and they identify strongly with American culture, but still keep ties with their Hispanic culture.

•Unacculturated Hispanics – 35% – are foreign-born and speak Spanish in the home; they consume more Spanish than non-Spanish media; and they identify strongly with their native culture.

Understanding Latino Boomers: Demographic Profile

The study found that Bicultural Hispanic Boomers…

•Earn 23% less income on average than General Market Boomers ($56,607 compared with $73,921) – though they are equally likely to be employed (77%).

•Are slightly more likely to be married or partnered (75%) than both Acculturated (64%) and General Market Boomers (69%).

•Are less likely to be college educated – 55% of them have a college education, compared with 69% of Acculturated Boomers and 73% of General Market Boomers.

Understanding Latino Boomers: Family

Hispanic Boomers live in larger households (3.3 people per household vs. 2.9 for the General Market), often made up of younger children, adult children, or older relatives. Bicultural households have the largest household composition (3.6 people):

In addition…

•Acculturated Boomers are the most likely to be a caregiver for a family member, with 14% recently taking on this role.

•Besides supporting larger households, one in four Latino Boomers are providing substantial financial support to someone outside of their homes.

Understanding Latino Boomers: Future Plans

Acculturated Latino Boomers are more likely to aspire to continue their education (28%), whereas Bicultural Hispanics have more entrepreneurial desires – 32% said they want to start a new business, compared with 17% of General Market Boomers:

More findings:

•More than half (51%) of Bicultural Latino Boomers said it is important that their family think they are doing well

•86% of Bicultural Hispanic Boomers agreed that they have been fortunate in life, and 80% said they have accomplished a great deal – more so than General Market (77%) and Acculturated (76%) Boomers.

When it comes to a kid's television-viewing habits, the mom's language can matter.
Six out of 10 Hispanics are U.S.-born
word of mouth offline

Source: Marketing Charts

Hispanic Children and Obesity Risk

Hispanic Children In U.S. At Greater Risk For Obesity Than Other Ethnic/Racial Groups

The prevalence of overweight in the US population is among the highest in Mexican-American children and adolescents. In a study of 1,030 Hispanic children between the ages of 4 and 19, published in the June 2009 issue of the Journal of the American Dietetic Association, researchers from the Baylor College of Medicine found less than optimal diets in both overweight and non-overweight participants.

Hispanic Children and Obesity Risk

Hispanic Children In U.S. At Greater Risk For Obesity Than Other Ethnic/Racial Groups

Hispanic Children In U.S. At Greater Risk For Obesity Than Other Ethnic/Racial Groups

According to the National Health and Nutrition Examination Surveys (NHANES), in 2005-2006 the prevalence of overweight among children (2-19 years) from all ethnic/racial groups was 15.5%. For Mexican-American males and females (2-19 years) the prevalence was 23.2% and 18.5%, respectively. Although the US environment encourages a sedentary lifestyle and excess food intake, the Hispanic population is burdened with additional risk factors for childhood obesity including parental obesity, low socioeconomic status (SES), recent immigration, acculturation to US diet and lifestyle, and limited health insurance coverage.

The VIVA LA FAMILIA Study was designed to identify genetic and environmental factors contributing to childhood obesity in the Hispanic population. It provided the novel opportunity to assess the diet of a large cohort of Hispanic children from low-SES families at high risk for obesity (1,030 children from 319 families in Houston, Texas). On average, 91% of parents were overweight or obese and parental income and education levels were low. Food insecurity was reported by 49% of households.

Writing in the article, Nancy F. Butte, PhD, Professor, USDA/ARS Children’s Nutrition Research Center, Department of Pediatrics, Baylor College of Medicine, states, “The diets of these low-SES Hispanic children were adequate in most essential nutrients, but suboptimal for the promotion of long-term health. Diet quality did not satisfy US dietary guidelines for fat, cholesterol, saturated fatty acids, fiber, added sugar, and sodium. Although energy intake was higher in overweight children, food sources, diet quality, and macro- and micronutrient composition were similar between non-overweight and overweight siblings…Knowledge of the dietary intake of children from low-SES Hispanic families at high risk for obesity will provide a basis on which to build nutritional interventions and policy that are appropriately tailored to population sub-groups.”

In a commentary published in the same issue of the Journal of the American Dietetic Association, Rafael Pérez-Escamilla, PhD, Professor of Nutritional Sciences & Public Health, Director, NIH EXPORT Center for Eliminating, Health Disparities among Latinos (CEHDL), University of Connecticut, Storrs, asks whether the process of acculturation into “mainstream” US society is having negative effects on Hispanics. Citing numerous studies, he explores many of the factors that both support and contradict the assimilation argument, and concludes that while acculturation is likely a negative influence, further study is warranted. He writes, “However, we still need to elucidate the mechanisms and the extent to which acculturation to the USA ‘mainstream’ culture per se explain deterioration in dietary quality, and increased risks for obesity and associated chronic diseases among Latinos. Filling in this gap in knowledge is essential for developing culturally appropriate and behavioral change based interventions targeting Latinos with different levels of acculturation.”

The article is “Nutrient adequacy and diet quality in non-overweight and overweight Hispanic children of low socioeconomic status – the VIVA LA FAMILIA Study” by Theresa A. Wilson, MS, RD, Anne L. Adolph, BS, and Nancy F. Butte, PhD. The commentary is “Dietary quality among Latinos: Is acculturation making us sick?” by Rafael Pérez-Escamilla, PhD. Both appear in the Journal of the American Dietetic Association, Volume 109, Issue 6 (June 2009) published by Elsevier.

Source: APA – Elsevier (2009, June 4). Hispanic Children In U.S. At Greater Risk For Obesity Than Other Ethnic/Racial Groups. ScienceDaily. Retrieved

Hispanic Immigrants’ Children Fall Behind Peers Early, Study Finds

A great example of a study (or its interpretation) that misleads readers. This is a problem that stems from poverty and parents with a low educational level. This is definitely not related to the parent’s immigration status. Children from Hispanic immigrants whose parents have a very high level of education do even better than their American counterpart. Feel free to comment.

Havi Goffan

Here is the article:

The children of Hispanic immigrants tend to be born healthy and start life on an intellectual par with other American children, but by the age of 2 they begin to lag in linguistic and cognitive skills, a new study by researchers at the University of California, Berkeley, shows.

Hispanic Immigrants’ Children Fall Behind Peers Early, Study Finds

Hispanic Immigrants’ Children Fall Behind Peers Early, Study Finds

The study highlights a paradox that has bedeviled educators and Hispanic families for some time. By and large, mothers from Latin American countries take care of their health during their pregnancies and give birth to robust children, but those children fall behind their peers in mental development by the time they reach grade school, and the gap tends to widen as they get older.

The new Berkeley study suggests the shortfall may start even before the children enter preschool, supporting calls in Washington to spend more on programs that coach parents to stimulate their children with books, drills and games earlier in their lives.

“Our results show a very significant gap even at age 3,” said Bruce Fuller, one of the study’s authors and a professor of education at Berkeley. “If we don’t attack this disparity early on, these kids are headed quickly for a pretty dismal future in elementary school.”

Professor Fuller said blacks and poor whites also lagged behind the curve, suggesting that poverty remained a factor in predicting how well a young mind develops. But the drop-off in the cognitive scores of Hispanic toddlers, especially those from Mexican backgrounds, was steeper than for other groups and could not be explained by economic status alone, he said.

One possible explanation is that a high percentage of Mexican and Latin American immigrant mothers have less formal schooling than the average American mother, white or black, the study’s authors said. These mothers also tend to have more children than middle-class American families, which means the toddlers get less one-on-one attention from their parents.

“The reading activities, educational games and performing the ABCs for Grandma — so often witnessed in middle-class homes — are less consistently seen in poor Latino households,” Professor Fuller said.

The study is based on data collected on 8,114 infants born in 2001 and tracked through the first two years of life by the National Center for Education Statistics. The findings will be published this week in Maternal and Child Health Journal, and a companion report will appear this fall in the medical journal Pediatrics.

The analysis showed that at 9 to 15 months, Hispanic and white children performed equally on tests of basic cognitive skills, like understanding their mother’s speech and using words and gestures. But from 24 to 36 months, the Hispanic children fell about six months behind their white peers on measures like word comprehension, more complex speech and working with their mothers on simple tasks.

The study comes as the Obama administration has been pushing for more money to help prepare infants and toddlers for school. In September, the House passed an initiative that would channel $8 billion over eight years to states with plans to improve programs serving young children.

In addition, the economic stimulus package included $3 billion for Head Start preschools and for the Early Head Start program, which helps young parents stimulate their children’s mental development.

Eugene Garcia, an education professor at Arizona State University, said the Berkeley-led study confirmed findings by others that the children of Hispanic immigrants, for reasons that remain unclear, tend to fall behind white students by as much as a grade level by the third grade.

“It seems like what might be the most helpful with Latino kids is early intervention,” Dr. Garcia said.

Carmen Rodriguez, the director of the Columbia University Head Start in New York City, said there was a waiting list of parents, most of them Hispanic, who want to take Early Head Start classes with their children.

Dr. Rodriguez said the study’s findings might reflect a surge in interest in early childhood education on the part of middle-class Americans, rather than any deficiency in the immigrant homes.

“Any low-income toddler is disadvantaged if they don’t get this kind of stimulation,” she said.

Source: The New York Times – By James McKinley Jr

Managers’ Hiring Practices Vary By Race & Ethnicity

Managers' Hiring Practices Vary By Race, Ethnicity Says University of Miami Study

Managers’ Hiring Practices Vary By Race, Ethnicity Says University of Miami Study

Managers’ Hiring Practices Vary By Race, Ethnicity Says University of Miami Study

White, Asian and Hispanic managers tend to hire more whites and fewer blacks than black managers do, according to a new study out of the University of Miami School of Business Administration.
Using more than two years of personnel data from a large U.S. retail chain, the study found that when a black manager in a typical store is replaced by a white, Asian or Hispanic manager, the share of newly hired blacks falls from 21 to 17 percent, and the share of whites hired rises from 60 to 64 percent. The effect is even stronger for stores located in the South, where the replacement of a black manager causes the share of newly hired blacks to fall from 29 to 21 percent. In locations with large Hispanic populations, Hispanics hire more Hispanics and fewer whites than white managers. The study is out this month in the Journal of Labor Economics.

The finding is clear evidence that the race or ethnicity of those who make hiring decisions can have a strong impact in the racial makeup of a company’s workforce, says Laura Giuliano, an assistant professor of economics at the University of Miami School of Business, who authored the study with David Levine and Jonathan Leonard from the University of California, Berkeley.

How strong is the impact? Consider a typical store with 40 employees located in the Southern U.S. According to the data, replacing a black manager with a non-black manager would result in the replacement of three to four black workers with white workers over the course of one year.

The effect in a non-Southern store would also be significant, if a bit more subtle. Replacing a black manager in a non-Southern store would result in one black worker being replaced by a white worker over a year.

“From the viewpoint of a district manager who is observing just a small sample of stores, this change might go unnoticed or appear insignificant,” Giuliano said. “However, the change may appear more significant from the point of view of job seekers — and especially black job seekers. In fact, the change in non-Southern stores amounts to a proportional decline of 15 percent in the number of blacks employed.”

The data used by Giuliano and her colleagues were especially well suited to sorting out the role race plays in hiring. While previous studies have also suggested that manager race plays a role, those studies have been unable to distinguish that role from other factors such as the demographic makeup of the local labor pool. Giuliano and her colleagues were able to isolate the race factor by tracking individual stores that experienced a change of manager.

“This means we can compare the hiring patterns of consecutive managers of different races in the same store,” she said. “Hence we can isolate the effect of a manager’s race by comparing the hiring patterns of managers when they hire from similar labor pools under similar conditions.”

The researchers were also able to use their data to offer some partial explanations for why these differences in hiring patterns exist.

They found that both black and non-black managers tend to hire people who live close to them. So if black managers live in predominantly black neighborhoods, their hiring network is also likely to be predominantly black.

The research also suggests that black managers hire fewer whites because whites may be less willing to work for black managers. The study found that when a white manager is replaced with a black manager, the rate at which white workers quit their jobs increases by 15 percent.

“We interpret this increase in the white quit rate as evidence of discriminatory sorting by white job seekers,” the authors write. “It implies that whites who dislike working for black managers often avoid working for black managers in the first place.”

About the University of Miami School of Business Administration

The University of Miami School of Business Administration is a comprehensive business school, offering undergraduate business, full-time MBA, Executive MBA, MS, PhD and non-degree executive education programs. One of 12 colleges and schools at the University of Miami, the School is located in a major hub of international trade and commerce and acclaimed for the global orientation and diversity of its faculty, students and curriculum. The School delivers its programs at its main campus in Coral Gables as well as at locations across Florida and abroad. More information about the University of Miami School of Business can be found at www.bus.miami.edu.

NOTE TO EDITORS: A full copy of the study is available upon request. The University of Miami has a television studio on campus and can provide live expert interviews via satellite or Vyvx fiber.

Media Contact:
Tracy Simon
University of Miami School of Business Administration
267-679-2774
tsimon@sba.umiami.edu
SOURCE University of Miami School of Business Administration

Hispanics Preparing for Retirement Face Significant Challenges

New Study Reveals Significant Challenges Hispanic Americans Face in Preparing for Retirement

New Study Reveals Significant Challenges Hispanic Americans Face in Preparing for Retirement

A new report released today demonstrates that Hispanic Americans face greater challenges in obtaining a secure retirement than the average population. The paper, prepared by the Hispanic Institute think-tank and the Americans for Secure Retirement (ASR) coalition, finds that the unique challenges include a general lack of retirement preparation, less access to employer-sponsored retirement plans, lower levels of personal savings and inadequate financial literacy.

The report concludes that Hispanic Americans need to consider multiple retirement vehicles to supplement Social Security and to bridge the gap in access to employer plans. Options such as lifetime annuities can minimize financial risks and provide the means to both build retirement savings and secure guaranteed income that will last as long as they live. Access to such a source of guaranteed lifetime income to supplement Social Security is a critical part of planning for a secure retirement.

“While our research found that Hispanics face greater challenges in preparing for retirement than the average population, with the right tools to properly prepare for retirement, these obstacles can be overcome,” said Gus West, Board of Directors Chair for Hispanic Institute.

Significant findings of the study include:

  • Only 41 percent of Hispanic workers say they have saved money for retirement.
  • Only 25.6 percent of Hispanics are covered by employer-sponsored retirement plans, compared to 42.5 percent of whites and 40 percent of African-Americans.
  • Of the Hispanics receiving Social Security benefits, almost 80 percent rely on these benefits for at least 50 percent of their retirement earnings.
  • Among people 65 and older receiving Social Security, on average Hispanics receive about $2,124 less in earnings than non-Hispanics.

Between 1979 and 1999, middle-class Hispanics households increased nearly 80 percent. In the same period, the group of Hispanic households earnings between $40,000 to $140,000 grew to include about one-third of the total Hispanic households nationwide.

Today, the U.S. Hispanic population makes up about 48 million people; by 2050 that number will increase to 132 million, accounting for nearly 30 percent of the total U.S. population. Due to the growing Hispanic population, an average longer life expectancy, and because only 16 percent of the population is in their pre-retirement years, Hispanics will make up a significant number of those entering retirement in the future.

“Since two-thirds of Hispanics are employed in the service-related field, which generally does not offer employer-sponsored retirement plans, many hard working Hispanic Americans may not have the proper nest egg to retire. It is imperative that their savings are managed and invested in a secure plan that assures income for life,” said Brent Wilkes, Executive Director of League of United Latin American Citizens.

Legislation currently being considered in Congress would create tax advantages for the purchase of an annuity and the conversion of a portion of an individual’s savings into a lifetime retirement income stream. The Retirement Security Needs Lifetime Pay Act, H.R. 2748, in the U.S. House and the Retirement Security for Life Act, S. 1297, in the U.S. Senate, would create a tax exclude from taxes a portion of the annual income received through an annuity, increasing accessibility to lifetime annuities as a retirement option and creating significant tax savings for middle-income Americans.

“Congress needs to pass this legislation to encourage the greatest accessibility possibility to multiple retirement savings vehicles that tackle the income side of the retirement problem,” said Bill Waldie, Chairman of ASR.

The Hispanic Institute nonprofit organization formed in 2005 to provide an effective education forum for an informed and empowered Hispanic America. Americans for Secure Retirement is a broad-based coalition of more than 50 organizations who are united in their commitment to raise awareness of the retirement challenge facing all Americans.

To view the complete Hispanic and Retirement: Challenges and Opportunities report, please visit www.paycheckforlife.org.

SOURCE Americans for Secure Retirement