About Us Contact Us Help


Archives

Contribute

 

Our Voice And Yours

Lokvani Team
06/05/2019

Breaking New Ground:
Our Spending Power is Epic
As the fastest growing segment of the U.S. in both population and buying power, Asian Americans are advancing and evolving in ways that are having a profound influence on the American mainstream.



Asian Americans' spending power in the U.S. is expected to break $1.3 trillion by 2023, after topping $1 trillion in 2018. 
If Asian Americans were a country, their spending would represent the eighteenth largest economy in the world.
 

"The Asian American path to purchase is a unique journey that’s informed by a rich cultural heritage as well as the latest advancements in technology,” stated Mariko Carpenter, Nielsen’s Vice President of Strategic Alliances. “Globally and digitally connected Asian Americans are playing integral roles, both as consumers and influencers, in shaping the next generation of retail and e-commerce trends in the U.S. and beyond." 

In 2018, ten states accounted for 75% of Asian American buying power which increased 50% over the last eight years. (Map courtesy of Nielsen)

(Source: Indian American IMPACT )

Bookmark and Share | Share your Comments

Comments :
Post a new message

In this Issue
Samsara: Dancing The Everyday


by Geetha Patil
NATyA Dance Collective presented an amazing Bharatanatyam dance performance on the theme, “Samsara: Dancing the Everyday” at the Dance Complex, Cambridge, MA on Friday, May 31, 2019, and another one on Saturday, June 1, 2019. Hall full of dance lovers from different locations of Massachusetts attended the program with utmost zeal and interest.
[more]

Samsara: Dancing The Everyday
Shri Radha Krishna Mandir: Pran Pratshtha Maha Utsav


by Pankaj Adaval
Shri Radha Krishna Mandir in Northboro, MA will celebrate Pran Pratishtha Maha Utsav from June 13th to June 16th.
[more]

Shri Radha Krishna Mandir: Pran Pratshtha Maha Utsav
Jigar Raythatha And Dr. Nagesh Mahanthappa Named EY Entrepreneur Of The Year Finalists


Jigar Raythatha of Constellation Pharmaceuticals and Dr. Nagesh Mahanthappa of Scholar Rock from New England named finalists as Ernst & Young looks to whittle down to a singular U.S. Entrepreneur of the Year in its 33rd annual competition.
[more]

Jigar Raythatha And Dr. Nagesh Mahanthappa Named EY Entrepreneur Of The Year Finalists
OFBJP Boston Celebrated The Victory Of Prime Minister Narendra Modi


by Geetha Patil
The Overseas Friends of Bharatiya Janata Party (OFBJP) Boston celebrated the victory of Prime Minister Narendra Modi and BJP Government in the 2019 Elections held in India very ardently on Sunday Jun 2, 2019, at the Raddison Hotel Chelmsford, MA.
[more]

OFBJP Boston Celebrated The Victory Of Prime Minister Narendra Modi
MAAHIYA: A Hindi And Punjabi Folk Concert


The Indian Folk Group is organizing MAAHIYA, a Hindi and Punjabi Folk Concert on Saturday June 8th at 4 PM at Chinmaya Auditorium in Andover MA.
[more]

MAAHIYA: A Hindi And Punjabi Folk Concert

You may also access this article through our web-site http://www.lokvani.com/




Home | About Us | Contact Us | Copyrights Help