Eye On Boise

Idaho Dept. of Labor: Hispanic buying power continues to increase

The Idaho Department of Labor reports that despite the recession, Hispanic economic influence in Idaho has continued to grow. "The buying power of all 1.5 million Idahoans rose fractionally from 2008 to 2009, but Hispanic buying power grew 10 times faster than the buying power of the state’s non-Hispanic majority, according to estimates from the Selig Center for Economic Growth at the University of Georgia," the department reported. "Last year was the sixth straight year Idaho Hispanics have fared better than Hispanics nationwide." Buying power is the after-tax personal income people have to spend on everything from necessities to luxuries; it doesn't include money borrowed or saved from previous years, or money spent in the state by visitors from other states or countries. You can read the full announcement from the Idaho Department of Labor here.
 




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