The Power of Asian America
Asian American Growth in Numbers
There are currently 23.1 million Asian-Americans and Pacific Islanders (AAPI) living in the U.S. The Asian-American population grew 46 percent in the past 10 years, representing the fastest-growing ethnic or racial segment in the U.S. In comparison, the total U.S. population grew 8 percent and non-Hispanic whites saw a 1 percent decline in their population during this same period. Continued exponential growth is expected in the Asian-American population, as the U.S. Census projects a gain of 21 percent by the year 2025.
View Neilson Report: Engaging Asian American Consumers at the Dawn of a New Decade
Asian-American influence continues to rise
From food to technology to entertainment, Asian-American influence continues to rise in the U.S. and is spanning across the country.
Still the nation’s fastest-growing population segment, Asian-Americans are about 20.5 million strong and represent 6% of the U.S. population. From 2009-2014, the Asian-American population grew 25%. With immigration from Asian countries continuing to boost the American population, U.S. Census projections show the Asian-American population will reach 25.7 million by 2019. Increasingly diverse, Asian-Americans will outnumber U.S. Hispanics by 2055 according to U.S. Census Bureau projections...Read more...
PEW Research and the Nielsen Report
Asian Americans and Pacific Islanders are projected to become the largest immigrant group in the United States by 2055, according to Pew Research. AAPI buying power has grown 222 percent, to $891 billion, since 2000, according to the Nielsen report. In addition to consumer behavior, the report found that AAPI women are majority or equal owners in 43 percent of AAPI-owned businesses.
Key Facts about Asian Americans, a Diverse and Growing Population
The U.S. Asian population is diverse. A record 20 million Asian Americans trace their roots to more than 20 countries in East and Southeast Asia and the Indian subcontinent, each with unique histories, cultures, languages and other characteristics.
The 19 largest origin groups together account for 94% of the total Asian population in the U.S. New fact sheets for each of these Asian origin groups accompany this blog post. Each describes key demographic and economic characteristics of each group.
Here are some key findings about the nation’s Asian-origin population: The U.S. Asian population grew 72% between 2000 and 2015 (from 11.9 million to 20.4 million), the fastest growth rate of any major racial or ethnic group. By comparison, the population of the second-fastest growing group, Hispanics, increased 60% during the same period...Read more...
Recent study on Social & Demographic Trends
According to the Pew Research Center in a recent study on Social & Demographic Trends titled, "The Rise of Asian Americans", Asian Americans are the highest-income, best-educated and fastest-growing racial group in the U.S, with Asians now making up the largest share of recent immigrants. The survey finds Asian Americans are more satisfied than the general public with their lives, finances and the direction of the country, and they place a greater value on marriage, parenthood, hard work and career success.
Additional Information can be found through the following links
Asian American-Owned Business Growth & Global Reach
U.S. Department of Commerce, Minority Business Development Agency.
The Asian Population: 2010
2010 Census Briefs. March 2012. Elizabeth M. Hoeffel, Sonya Rastogi, Myoung Ouk Kim, and Hasan Shahid
USCIS Multi-Lingual Resource Center
U.S. Citizen and Immigration Services. U.S. Department of Homeland Security Web site.
The Rise of Asian Americans
Pew Research Center: Pew Social & Demographic Trends. June 19, 2012
U.S. Census Bureau Survey of Business Owners: Asian-Owned Business, 2007
Census Bureau Economic Data. April 28, 2011
Minority Business Development Agency: Minority-Owned Business Growth & Global Reach
U.S. Department of Commerce. Revised February, 2011
Revenues for Asian-Owned Firms Surpass $326 Billion, Number of Businesses Up 24 Percent
U.S. Census Bureau News. May 16, 2006
Census 2010: Population Explosion in Oakland Township
By Jen Anesi. Oakland Township Patch. March 22, 2011
Asian American population grows fastest among ethnic groups
By Dave Phillips. The Daily Tribune. March 31, 2011