Wednesday, August 31, 2005

Ethnic Trends: Income, Poverty and Health Insurance, US, 2005

Bruce P. Corrie, PhD Emerging Markets Series corrie@csp.edu

American Indian/Native Alaskan

Percent Uninsured (2002-2004 average) 29.0

Percent in Poverty (2002-2004 average) 24.3

Median Income (2002-2004 average) $ 33, 132

Black

Percent Uninsured (2002-2004 average) 19.8

Percent in Poverty (2002-2004 average) 24.4

Median Income (2002-2004 average) $ 30, 355

Hispanic (Any race)

Percent Uninsured (2002-2004 average) 32.6

Percent in Poverty (2002-2004 average) 22.1

Median Income (2002-2004 average) $ 34, 299

Asian

Percent Uninsured (2002-2004 average) 18.0

Percent in Poverty (2002-2004 average) 10.6

Median Income (2002-2004 average) $ 56, 664

White (not Hispanic)

Percent Uninsured (2002-2004 average) 11.0

Percent in Poverty (2002-2004 average) 8.3

Median Income (2002-2004 average) $ 49, 101

Foreign Born

Percent Uninsured (2003) 33.7

Percent in Poverty (Naturalized Citizen, 2003) 9.8

Percent in Poverty (Non Citizen, 2003) 21.6

Median Income (2002-2004 average) $ 39, 421

Source: U S Census, (2005), Income, Poverty,and Health Insurance Coverage in the United States, 2004.

Wednesday, August 17, 2005

The Dynamic Power of Ethnic Capital in Minnesota

Buying Power (Source: Selig Center)

  • $ 11 billion in Minnesota
  • $1.3 trillion nationally

Tax Base (Source: Author Estimates, Census 2000)

  • 1.1 billion in state and local taxes
  • $ 85 million real estate taxes
  • $ 57 million in rent

Entrepreneurial Capital Latest Census Data from the Survey of Business Owners 2002 reveal that

  • there are 22,405 minority firms in Minnesota with
  • $2.7 billion in sales employing 31, 474 people
  • with an annual payroll of 818 million dollars
Bruce P. Corrie, PhD, corrie@csp.edu

Tuesday, August 09, 2005

Latest Minority Voting Patterns, 2004

What are some trends that emerge from the latest minority voting data coming from the Current Population Survey, November 2004, U. S. Census Bureau?

A larger percentage of minorities who voted in the 2004 elections tended:

  • to have some college degree or higher
  • to have an income level greater than $50,000
  • to be a Government Worker
  • to own a house
  • to have Rented a house for a few years
  • to live in a no cash rental unit more than a year
  • to be a Veteran
  • to be 45 years and older
  • to be a Naturalized Citizen

Biggest reason for not voting - Too Busy/Schedule Conflicts

There are significant ethnic differences in voting patterns among minorities.

Blacks have the highest voter turnout in Minnesota, followed by Hispanics and Asians. No data is available on American Indian voter turnout.

Bruce P. Corrie, PhD

Concordia University

Emerging Markets Series, 2005

corrie@csp.edu

Tel: 651 641 8226

Monday, August 01, 2005

Latest Cenus Data on Minority Firms in Minnesota

Bruce P. Corrie, PhD Concordia University Saint Paul corrie@csp.edu Tel: 651 641 8226 Latest Census Data from Census 2002 reveal that there are 22,405 minority firms in Minnesota with $2.7 billion in sales. 3497 of these firms had employees employing 31, 474 people with an annual payroll of 819 million dollars. Minority firms in Minnesota grew by 44 percent during 1997-2002 as compared to a growth rate of 8 percent of all firms. Minority firms as a total of all firms increased from 3.7 percent in 1997 to 5 percent of all firms in 2002. Black and Asian firms in Minnesota were among the top 10 in the nation in terms of growth in number of firms between 1997 and 2002. American Indian firms were 13th in the nation in terms of growth of firms during the same period. There were more than 4 million minority firms in the USA. Hispanics had the largest number of minority firms with over 1.5 million firms. Nationally Black firm had the highest growth rates among minority firms of 45 %- a fact not surprising and corroborated in recent national reports on entrepreneurship. Black firms also had the highest growth rate in receipts during the same period 1997-2002 among all minority firms (30%). Blacks had also the largest number of female owned minority firms. Nationally, minority firms grew much faster than the overall rate of 10 % during 1997-2002. Native Hawaiian and other Pacific Islanders had a growth rate of 67 %, Blacks 45 %, Hispanic 31 %, Asian 24 % . White firms grew by 8 %. In Minnesota, Black firms were the largest group followed by Asian, Hispanic and American Indian firms. Black firms also had the highest growth rates (95 %) during the period 1997-2002. Asian firms were the largest group of minority firms in three categories: firms with paid employees, sales volume and annual payroll. http://ethnictrends.blogspot.com/