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 Black Stats          
Frequently requested data on African American consumers

Black Buying Power:
  $679 Billion (2004)

Black U.S. Population:
  38.3 million

Top Five Black Cities
  - New York
  - Chicago
  - Detroit
  - Philadelphia
  - Houston

Top Five Black Metros:
  - New York-New Jersey
  - Washington-Baltimore
  - Chicago-Gary
  - Los Angeles
  - Philadelphia

Top Five Expenditures:
 - Housing 110.2 bil.
 - Food 53.8 bil.
 - Cars/Trucks 28.7 bil.
 - Clothing 22.0 bil.
 - Health Care 17.9 bil.

Click here for more stats from "The Buying Power of Black America."
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TV One debuts personal finance reality show with writer Michelle Singletary

(January 9, 2006) Washington Post syndicated personal finance columnist Michelle Singletary brought her straightforward, personal approach to "financial serenity" to television with the debut last week of the new TV One series, “Singletary Says.” The series, which uses a reality format to help financially challenged households, premiered on January 4 and airs each week on on the cable network on Wednesday at 8:30 PM eastern time.

Using the plain-spoken but humorous touch that has characterized her columns, numerous radio and TV appearances and her book, "The 7 Money Mantras," Singletary helps individuals and families under financial strain find answers to the issues that confront almost every household, such as how to teach children the value of money or how to address money issues in a relationship or marriage. 

”Singletary Says” capitalizes on the host's simple, common-sense approach to building wealth and financial security, in which making decisions about money are as much a part of everyday life as deciding what's for breakfast. Each week, she wades into the lives of those anxious to put their financial houses in order to help them correct and/or avoid common financial mistakes - and in many cases, repair fiscally challenged relationships.

In the premiere episode, the theme was "Sweat the Small Stuff," where Michelle worked with Maria, a college student with student loans, $1,000 in outstanding parking tickets, and a serious nicotine, caffeine and shoe shopping habit; and Cecily, a single mother anxious to buy a home and save for her son's education but who spends a little more each month than she brings home.

A mother of three who knows something about living on a household budget, Singletary and her four brothers were raised by her grandmother on a salary that never exceeded $13,000 a year. Yet at her death, Big Mama owned her own home and her own car loan-free.  This upbringing not only helped shaped her own approach to financial security, it helped instill in her a missionary zeal to help others recognize how to live better with the money they have.

Michelle Singletary, a business writer on the staff of The Washington Post, started "The Color of Money" column in March 1997. The response from readers was instantaneous and enormously positive. It became clear that many of these readers previously had found many financial issues too difficult to penetrate.

Prior to becoming a columnist, Singletary covered local and national banking for the Post. She joined the paper in 1992 and was assigned to cover bankruptcy. In 1994, she was awarded a fellowship by NABJ to write about small women-owned businesses in West Africa. While in Africa, she helped cover the 1994 election of Nelson Mandela, and shared the lead story on election day with the Post's foreign correspondent, writing about a Soweto family's day at the polls. Before coming to the Post, Singletary was a business reporter for the Baltimore Evening Sun.


Singletary has a new book debuting at the end of January 2006, "Your Money or Your Man," published by Random House.


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 12th Annual Edition Available 

Latest 'Buying Power' report shows black consumers spending more on home life

As 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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