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I think the issue is they need parents with more disposable income, but it's roughly a 50% drop in household income as you go from asian/white families to hispa
by rsj_hn 7y ago
I think the issue is they need parents with more disposable income, but it's roughly a 50% drop in household income as you go from asian/white families to hispanic/black families. There's a time series here:
https://www.census.gov/data/tables/time-series/demo/income-poverty/cps-hinc/hinc-04.html#par_list_11 https://www.census.gov/data/tables/time-series/demo/income-p...
Take a look at Table HINC-04, which identifies income for families with children under 18:
showing median/mean income:
* white alone, not hispanic: 93K/120K
* asian: 101K/136K
* hispanic: 53K/72K
* black: 47K/66K
So stores like Toys-R-us can get hammered as a result of demographic shifts even if total population of kids is increasing.