LOS ANGELES (AP) — As one of the groups to feel the disproportionate effects of job loss and health impacts during the COVID-19 pandemic, Latinos have come to rely on media and social channels more than ever to educate, inform, and entertain. And although this group continues to face significant challenges, they are not buckling under pressure. Instead, they are tapping into their collectivist culture and virtual social networks to stay connected, weathering the storm by tapping into their resilient roots.
The report demonstrates how trusted influencers, brands, and media are leveraged both pre-COVID and during the pandemic, to keep Latinos engaged, entertained, but most importantly, informed. Data indicates that these networks will remain the trusted conduits for information transfer within the Latino community for the post-pandemic recovery.
Latinos continue to be key factors in stimulating the country’s economy with their immense buying power, which increased by 69% in just nine years, outpacing non-Hispanics, which increased by 41% during the same time.
“Hispanics are a collectivist culture, placing strong value on the needs of the community as a whole and maintaining close connections with each other. As COVID-19 began to spread, the subsequent social distancing measures threatened the in-person social networks that Latinos relied upon,” said Stacie de Armas, Senior Vice President of Strategic Initiatives & Consumer Engagement. “The Latino community has long exhibited an outsized use of digital connections, however as a result of the circumstances of COVID-19, Latinos intensified their use of digital platforms to a greater degree than the total market, including use of social media and trusted content channels such as TV and radio to inform, communicate, share experiences and seek support.”
Key insights from the Diverse Intelligence Series report include:
The U.S. Hispanic population frequently makes headlines for its growth and for being a key contributor to the economy, labor force, and the electorate.
- Latinos will be the primary contributors to total U.S. population growth for the next 40 years, comprising 53% of the growth in the next five years and 68% of the growth up to 2060.
- Latinos will contribute more growth than any other population segment, a factor compounded by a projected growth decline among the non-Hispanic white population.
- In 2019, Hispanics accounted for $1.7 trillion in buying power, which is 11% of the total buying power of the U.S.
Multi-generational households are the nexus of the Hispanic community.
- Hispanics are 40% more likely to live in multi-generational households, and the median age of their households is only 29, compared to 38 years of age in non-Hispanic U.S. households.
- Over the next ten years, the disproportionately younger Latino community will over contribute based on their relative size to the economic recovery, through home purchases and the acquisition of goods and services.
Latinos choose content that is trusted and speaks to them culturally first, regardless of language.
- Latinos are increasingly connecting with their trusted networks through social media. Latinos are 57% more likely to use social media as a primary source of information about COVID-19.
- More than one-third of Hispanics spent more time listening to the radio as a result of COVID-19 (37%) compared with only 24% of white non-Hispanics.
- Another 48% of Latinos reported that listening to their favorite radio host helped them feel more informed and less stressed.
“Hispanics rely upon their physical and digital networks as conduits of information, underscoring the interdependence of collectivism and social networks. These networks serve more than just a social appetite; they serve as the conduit of trust, truth and cultural connection,” said Stacie de Armas.
To learn more and download the full report “Cultural Connectivity Transformed: How Latinos are connecting while social distancing”, visit www.nielsen.com/latinos.