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data on African American consumers
Black Buying Power:
$656 Billion (2003)
Black U.S. Population:
Top Five Black Cities
- New York
Top Five Black Metros:
- New York-New Jersey
- Los Angeles
Top Five Expenditures:
- Housing 145.2 bil.
- Food 56.5 bil.
- Cars/Trucks 32.6 bil.
- Clothing 23.0 bil.
- Health Care 18.0 bil.
Click here for more stats from "The Buying Power of
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Annual Edition Available
Latest 'Buying Power' report shows black consumers spending more on home
the American economy continues to move sluggishly, African-American
households are curtailing their spending in many categories, including
food, clothing and basic household items, while investing more in home
repair, home entertainment and consumer electronics. Although they are
trimming back, black consumers are still spending more than their white
counterparts on most of these products.
According to the newest edition of “The Buying Power of Black America”
report, African-American households are tightening their belts when it
comes to dining out, expanding their wardrobes, and leisure activities out
of the home. At the same time, they are increasing their spending on home
repairs and remodeling, audio and...
Story and statistics continued
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