Black Stats Frequently requested
data on African American consumers
Black Buying Power:
$836 Billion (2010)
Black U.S. Population:
Top Five Black Cities
- New York
Top Five Black Metros:
- New York-New Jersey
- Los Angeles
Top Five Expenditures:
- Housing $203.8 bil.
- Food $65.2 bil.
- Cars/Trucks $29.1 bil.
- Clothing $29.3 bil.
- Health Care $23.6 bil. ______________________
Quick access to key stats
Click here to go to African-American Census Bureau
2011 by Target Market News Inc. All rights reserved
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Chicago, IL 60604
National Bankers Assoc. launches campaign in push for black consumers
(July 14, 2011) The National Bankers Association, the organization which
represents African American banks and banking executives, is teaming
with a popular, syndicated radio talk show host, Warren Ballentine, to
spearhead a national campaign to get minorities and other consumers in
the urban areas to bank with minority banks.
A press conference to kick-off the campaign will be held Friday, July
15th at 12:00 noon at the headquarters of the National Bankers
Association located at 1513 P St., NW, Washington, D.C.
The promotional campaign, being called "The People's Economic Movement,"
is being orchestrated to coincide with the unveiling of the Dr. Martin
Luther King, Jr. memorial statue in Washington, D.C. August 28, 2011.
The Rev. Al Sharpton is among those who are lending their support to the
According to Michael Grant, president of the NBA, "This self-help,
empowerment movement is designed to stimulate much-needed economic
development at our nation's urban core. By depositing their money in
minority banks, getting mortgages, small business loans or loans for
college tuition from banks in their communities, consumers begin a
process of harnessing the economic strength of the masses in a way that
creates direct benefits to their communities which are still suffering
from the worst economic crisis since the Great Depression."
Asked why the campaign is being called, "The People's Economic
Movement," Radio One talk show host Warren Ballentine explained: "This
recession has created not a moment in time but a movement in time.
Community economic development will only come with an intelligent and
targeted approach to managing money. By investing their money in the
minority banks in their own communities, consumers will begin to see how
to make capitalism work in their favor."
The National Bankers Association is a consortium of African-American,
Hispanic-American, Asian-American and Native-American owned banks. The
association's member banks operate branches in 29 cities located across
America. In the aggregate, these banks have over $15 billion in assets
and serve over 3 million depositors.
As an example of how little support minority banks are receiving from
their potential customer base, economists have estimated that while the
African-American community has over one trillion dollars in disposable
income a year, it has been estimated that African-American owned banks
manage less than 5% of the wealth in the communities that they serve.
"The People's Economic Movement" will include NBA banks from all over
America, especially in urban communities.
ORDER TODAY! New
"Buying Power" report: Black consumers spend as economy grows Details $507
expenditures African-American consumers are cautiously increasing their
spending in some key product categories, even as they continue to make
adjustments in a slowly growing economy. The finding comes from the 16th annual edition of "The Buying Power of Black America"
report published by Target Market News..
In 2009, black households spent an estimated $507 billion in 27 product
and services categories. That's an increase of 16.6% over the $435 billion
spent in 2008. African-Americans" total earned income for 2009 is
estimated at $836 billion...