Lack of Ability to Speak and Read English Creates Business Opportunities
Asian Americans and Pacific Islanders are the fastest growing immigrant groups in the U.S., and 35% of them are classified as not speaking English "very well." While Chinese is the most commonly spoken language of Asian immigrants (with 472,000 Mandarin speakers and 454,000 Cantonese speakers), Tagalog, Vietnamese, and Korean are also popular languages spoken in the home. Moreover, there are an additional eight South Asian languages that are spoken by more than 100,000 people in the U.S.
Why does this matter?
The statistics show that millions of Americans have limited ability to speak and read in English. This represents an opportunity for businesses to branch out from just English and Spanish advertisements. By advertising in languages that are used in the community, for example Chinese language television ads, print ads in Vietnamese newspapers, or websites in Korean, businesses can show their markets that they are tapped into their needs. Companies that ignore these opportunities may lose out when their competition recognizes the value of the under-served local market.
For More Information, read the Center for American Progress' Press Release and access the full report.