There is a growing necessity for brand marketers to provide culturally relevant content and messaging that specifically targets US Hispanics.
Hispanics have the greatest purchasing power of any US ethnic group and taken together will soon represent the world's ninth largest economy, marketing analysis firm Nielsen said Thursday.
Hispanics represent $40 billion of purchasing power in Arizona, a state where Latinos have been buffeted by the effects of harsh laws targeting undocumented immigrants.
More and more companies and advertisers have been launching initiatives and products specifically aimed at attracting more Latino consumers, considering that the purchasing power of U.S. Hispanics is expected to grow 48 percent to $1.6 trillion between 2011 and 2016.