1. The Number of U.S. Spanish Speakers is Growing…
By 2060, the U.S. will have more Spanish speakers than any other country except Mexico. This signals that companies doing business in the U.S. need more workers skilled in Spanish.
2. …And So Is the U.S. Hispanic Population
Currently, about 17.8 percent of the total U.S. population is of Hispanic origin. That’s 57.5 million people, with $1.7 trillion in purchasing power. By 2060, that number will grow to 28.6 percent. We do want to note, though, that not everyone in the U.S. who is of Hispanic origin speaks Spanish, and that many, many U.S. Spanish speakers are also proficient in English and use it outside the home. But we still see Spanish fluency as a powerful way to connect with your customers and clients who know the language.
3. Spanish is Widely Used Globally
We’ve talked about how important Spanish skills are for doing business in the U.S. Now let’s look at the global picture. Only Mandarin Chinese has more native speakers around the world than Spanish does. By 2050, 754 million people globally will speak Spanish.
4. Opportunities in Mexico are Growing
As a Texas-based business, we pay special attention to the state of the economy in Mexico, and we see numerous promising signs about doing business there. For example, Mexico is expected to be the No. 7 economy in the world by 2050.
Overall, we believe Spanish language training benefits individuals and companies in myriad ways. Spanish fluency can facilitate collaboration between colleagues; show employees that company leaders care about them; build trust with customers, clients, and communities; and help HR leaders better serve diverse workforces.
Ready to learn more about Spanish language training? At Fluency Corp, we offer Spanish classes both onsite at your company and live online. All instructors are native Spanish speakers. Contact us for a free consultation: firstname.lastname@example.org or (800) 401-3159.