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The
American Youth Market
Today's
young Americans represent the most ethnically diverse generation
in modern U.S. history. As a group that resists categorization---ethnic,
racial, or otherwise---echo-boomers and younger (those born after
1979) have become a desirable and influential segment of the next
American mainstream and should be on the radar screen of any forward-thinking
company.
40
percent of people in the
U.S. under the age of 25 belong to some race or ethnic category
other than "non-Hispanic white"
Second and third generation children of immigrants
favor English over the native language spoken by their foreign-born
parents.
Diversity, cultural juxtaposition, and fusion
are natural themes in the eclectic lives of these young Americans.
Mixed-race individuals and interracial/inter-ethnic
marriages are at an all time high in the U.S.
There
are approximately 40
million people between the ages of 13-24 with an aggregate purchasing
power of $89.1 billion in 2005.
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