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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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AARP NY president
seeks to change paradigm on black seniors
(February
27, 2006) AARP New York's newly appointed state president, Madeleine
Moore, is focusing on the growing number of African American baby boomers
who are now seasoned power brokers and how they can improve the quality of
life for the 7.5 million African Americans age 50 and over.
"Baby boomers emerged from an era defined by the civil rights movement.
Now, the defining struggle of their generation is challenging the old
stereotypes and notions about aging and retirement," says Moore. "As state
president, I will be looking at how AARP can empower our diverse 50 and
overpopulation as they age."
AARP research found that baby boomers of all ethnicities view themselves
quite differently from their parents' generation. Boomers share more
similarities with Gen. X attitudes and perceptions about themselves and
society than they do with their elders.
On average, these 3.7 million African American households have annual
incomes of$50,000 or more and 1.4 million African American households have
annual incomes topping $75,000.
The economic status of African Americans has improved at an above average
rate over the past two decades. The general population per capita income
increased 43% between 1980 and 2000, while African American per capita
income grew 59%. African Americans have significant buying power, which is
estimated at $700 billion.
Growing incomes has also meant increased charitable giving and
philanthropic initiatives. A recent AARP survey looking at community
service and charitable giving practices of the 45+ population found that
88% of African Americans regularly made charitable donations. The same
survey found that African Americans are among the most active volunteers
in our society. "AARP New York has a vibrant and active cadre of African
American volunteers who dedicate time to engage in legislative advocacy on
issues like affordable prescription drugs or community service initiatives
like the AARP Tax-Aide and Driver Safety programs," says Moore.
"Community service is a way in which baby boomers can forge their living
legacy," says Moore. "Many of us are transitioning to a time in our lives
where we are looking to reconnect with the ideals of our youth and once
again bring about positive social change."
Moore, an active marketing/communications specialist and community leader,
will hold the position of state president for two years and will be
eligible for reappointment for two additional terms.
Moore is presently chairman of Public New York and the founder of Moore
Creative, marketing firms which have launched identity campaigns for
several major New York Hospitals and provide concepts and training tools
to such organizations as The Association of Junior Leagues International
and the National Urban League. Recently, her national ad campaign for
Anheuser Busch targeting at-risk African American men for Prostate Cancer
prevention has launched a coast-to-coast screening and community-based
outreach program.
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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.
Story and statistics
continued
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