In a Generation, Minorities May Be the U.S. Majority

According to new Census Bureau projections, ethnic and racial minorities who identify themselves as Hispanic, black, Asian, American Indian, Native Hawaiian and Pacific Islander will become the majority of the US population by 2042 -sooner than the anticipated date of 2050-, Sam Robert reports. Main reasons are higher birthrates among minorities and predicted rising influx of immigrants. Read how these changes will affect presidential elections, baby-boomers' retirement and life expectancy.