Along with the nation’s many blue-collar Hispanics, there’s a significant number of affluent Hispanics in the U.S.
The Census Bureau defines affluent households as those with a median annual income of $100,000 or more. As of 2006, there were more than 1.3 million affluent Hispanic households in the U.S., about 10 percent of all Hispanic households in the country. The affluent class makes up about 3.7 million people nationwide, with a purchasing power over $1 trillion.
Hispanics are outpacing the general population when it comes to the growth of wealth. Between 1991 and 2000, the number of affluent Hispanic households grew 126%, while the number of affluent households in the general population only grew 77%.
Hispanics control more personal disposable income than any other minority group in the United States. The Selig Center of the University of Georgia estimated Hispanic buying power at $951 billion in 2008, a 349 percent growth from 1990. During that time, non-Hispanic buying power had grown at less than half that rate.