Black People : How come blacks are the biggest buyers in the US?

MsInterpret

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Apr 21, 2007
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Over the years I read a few articles that blacks are the biggest spenders in the US.

Here is one I read recently:

According to the report, consumer trends include:

• With a buying power of nearly $1 trillion annually, if Blacks were a country, they’d be the 16th largest country in the world.

• The number of Black households earning $75,000 or higher grew by almost 64 percent, a rate close to 12 percent greater than the change in the overall population’s earning between 2000 and 2009. This continued growth in affluence, social influence and household income will continue to impact the community’s economic power.

• Blacks make more shopping trips than all other groups, but spend less money per trip. Blacks in higher income brackets, also spend 300 percent more in higher end retail grocers more than any other high-income household.

• There were 23.9 million active Black Internet users in July 2011—76 percent of whom visited a social networking/blog site.

• Thirty-three percent of all Blacks own a smart phone.

• Black Americans use more than double the amount of mobile phone voice minutes compared to whites—1,298 minutes a month vs. 606.

Source: http://www.louisianaweekly.com/african-american-buying-power-nears-1-1-trillion/

It is also said that we will have a buying power of 1.1 trillion dollars by 2012.

Why are we spending so much, but receiving so little?

Blacks have the highest rate of unemployment, but yet we are spending all of this money...
 
Why are we spending so much, but receiving so little?

Blacks have the highest rate of unemployment, but yet we are spending all of this money...
To answer your question and respond the the latter:

We haven't and or, don't take a substantial portion of that money and
to create the kind of infrastructures to create means of employment and
opportunity for us. Are priorities are off kilter.
 

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