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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.
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Prudential Financial airs new TV spots targeting black and Hispanic
consumers
(June
26, 2006) Prudential Financial, Inc. has introduced two commercials
targeted to African-American and Hispanic audiences. Referred to as "This
Much" and "Happy Birthday," the television commercials capture family
activities that take place in households across America and show how life
has little ways of reminding families of the importance of having life
insurance protection.
"This Much," features a mother as she takes a moment out of her hectic day
to kiss her young daughter good night and is reminded of just "how much"
she loves her. This advertisement is airing in English and Spanish and
will soon air in a combination of both languages to reflect the reality of
multi-lingual households. "Happy Birthday" features an African American
family during a festive celebration for the Dad's birthday where he pauses
for a moment to tell his youngest daughter he loves her when she coyly
asks how old he is.
"Maria Umbach, vice president, Marketing for Newark, N.J. based
Prudential's Individual Life Insurance unit continues to look for ads that
emphasize the importance of basic family protection. "We wanted to create
ads that reach a more diverse audience but more importantly, focus on love
as a motivator for purchasing life insurance."
The ads are a continuation of a campaign that kicked off in the fall of
2005, and were produced by the company’s in-house advertising agency
headed by Tom Burke, vice president of advertising for Prudential. "We
created two versions of a television ad called "Hey Dad", that feature a
father-son exchange about life insurance,” said Burke.
“After viewing a life insurance ad from The Prudential Insurance Company
of America, the son asks the father what life insurance is, and whether or
not the family has it. In a twist that mimics life, one version of the ad
ends with a reassuring "yes" from the dad, and the other clearly suggests
a "no" as he hesitates uncomfortably.”
The new commercials, along with the original "Hey Dad" commercial, are
currently airing nationally and can be seen on ESPN, TV FOOD, HEADLINE
NEWS, BET, THE HISTORY CHANNEL, and LIFETIME or on the company's website
at
www.prudential.com/love.
The Spanish version also aired during the recent ALMA Awards broadcast,
and is supported by a special web landing page in Spanish at
www.prudential.com/amor.
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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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