According to Target Market News 16th annual report Buying Power of Black America, the expenditures of Blacks rose to $507 billion dollars. The top five expenditures were:
It appears the Buying Power of Blacks is generating economic stability and wealth outside of their communities. Yep! It's helping other Ethnic groups establish businesses in socially and economically disadvantaged communities (i.e., underserved Black Communities) for members of their group. And, this buying power depletes the vitality of Black Communities because their money seldom returns.
If Black Buying Power isn't creating long-lasting, positive impacts within the Black Community; this Black Buying Power isn't powerful at all.
- Housing $203.8 billion
- Food $65.2 billion
- Cars/Trucks $29.1 billion
- Clothing $29.3 billion
- Health Care $23.6 billion
It appears the Buying Power of Blacks is generating economic stability and wealth outside of their communities. Yep! It's helping other Ethnic groups establish businesses in socially and economically disadvantaged communities (i.e., underserved Black Communities) for members of their group. And, this buying power depletes the vitality of Black Communities because their money seldom returns.
If Black Buying Power isn't creating long-lasting, positive impacts within the Black Community; this Black Buying Power isn't powerful at all.
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