Black Consumers Spend as Economy Improves
(Target Market News) — 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 soon to be issued 16th annual edition of “The Buying Power of Black America” report. 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.
SEE ALSO
- Protected: The Sound Of Movement: Ledisi Reflects On The Power Of Protest Music And Self-Love In ‘The Crown’
- Here’s The Real Reason Black People Wash Their Chicken Before Cooking
- Love Or Liability? How Romantic Relationships Really Impact Your Wallet
- 5 Beyoncé Hairstyles To Complete Your ‘Cowboy Carter’ Tour Look
- Boop, There It Is! Tony Nominee Jasmine Amy Rogers Is Making History As Broadway’s First Black Betty Boop — And She’s Just Getting Started [Exclusive]
