Credit Cards Accounts Hispanic Market

Credit Cards Accounts Hispanic MarketCredit - The Hispanic population is the largest and fastest growing ethnic segment in the United States, according to the U.S. Census Bureau. The U.S. Hispanic population is currently at 43.5 million or 15 percent of the U.S. population, with expected growth to 48 million by 2010, and 60 million by 2020.

The purchasing power of Hispanics in the U.S. was nearly $736 billion in 2005 and expected to spike to nearly $1 trillion by 2010. However, less than 45 percent of the Hispanics residing in the U.S. have credit cards.

 

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