No more 'Average Joe'
The U.S. is so complex that there is no more average American, new study says
Our society is so diversified now that there is no such thing as the American consumer, the study says. And companies that try to target their products to Americans will have to rethink their approach.
The traditional image of an American family -- a married couple with children -- actually represents only 22% of U.S. households, writes Peter Francese, a demographic trends analyst who wrote the study.
There are more households with married couples and no children, Francese projects. And single-person households aren't far behind.
The nation is extremely diverse from a race perspective as well. Racial minorities are becoming the new majority, Francese says.
It's already happening in states like California, Texas, New Mexico and Hawaii, where the population of white non-Hispanics is in the minority.
And, Francese adds, in the 10 largest cities in the country, there is no racial or ethnic category in the majority.
By 2015, he says, fewer than half of babies born in the U.S. will be white non-Hispanics.
It's fascinating to think of this from a marketing perspective. How do companies advertise in this kind of environment?
Copyright © 2014 Microsoft. All rights reserved.
These hot movers could rise by double digits in coming months.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.