how do hispanics spend their money
On average, Hispanics spend $300 more per year on groceries than non-Hispanics, as indicated by the Bureau of Labor Statisticsâ Consumer Expenditure Survey. Most of their money is spent on meat, which is then followed by dairy, fruit, vegetables, and poultry and eggs.
The next largest purchase is food, totaling $6,570 a year. As far as smaller expenses go, a few of the surprising purchases come when we compare things like apparel and services ($2,030) to vehicle purchase ($2,890). Hispanics use almost the same amount of money on apparel as they do on their vehicles. The amount spent on apparel was the largest amount of money used in this regard when compared to the three other groups within the study (white and all other races, black or African-American, and all consumer units).