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https://knowledge.wharton.upenn.edu/article/conspicuous-consumption-and-race-who-spends-more-on-what/
May 14, 2008 · Blacks and Hispanics spend up to 30% more than whites of comparable income on visible goods like clothing, cars and jewelry, the researchers found. This meant that, compared to white households of similar income, the typical black …Estimated Reading Time: 9 mins
https://progressivegrocer.com/african-american-purchasing-behavior-examined-nielsen-report
The purchasing behavior of African-Americans has some distinct characteristics that retailers and marketers should identify and use to establish effective market position, according to a new report by the Nielsen Co., “The State of the African-American Consumer.”. The report notes that this population has a buying power of nearly $1 trillion.
https://www.nielsen.com/us/en/insights/article/2018/black-impact-consumer-categories-where-african-americans-move-markets/
African Americans make up 14% of the U.S. population but have outsized influence over spending on essential items such as personal soap and bath needs ($573 million), feminine hygiene products ($54 million) and men’s toiletries ($61 million). Nielsen research also shows Black consumers spent $810 million on bottled water (15% of overall ...
https://www.iab.com/wp-content/uploads/2015/08/Nielsen-African-American-Consumer-Report-Sept-2013.pdf
the power of african-american females extends beyond their homesteads. of the 31 million african-americans who are 16 years and older, 63% are in the u.S. labor force, and women represent 52% of employed Blacks. Women also own the majority of Black businesses.6 those who do not own their own companies tend to skew towards
https://insights.digitalmediasolutions.com/articles/black-consumers-digital
Feb 27, 2019 · According to the Selig Center for Economic Growth, “Black buying power will rise from $1.3 trillion in 2017 to $1.54 trillion in 2022. This estimate for 2022 reflects a 5.4% increase over last year’s estimate of reaching $1.46 trillion in 2021. The 108% increase in Black buying power between 2000 and 2017 outperformed the 87% rise in white buying power and the 97% increase in total …Author: Sarah Cavill
https://www.prnewswire.com/news-releases/african-americans-demographic-and-consumer-spending-trends-report---research-and-markets-300440802.html
Apr 18, 2017 · During this period, the number of African-American households with an income of $100,000 or more jumped 83%, while the number of African-Americans employed in …
https://www.essence.com/news/money-career/business-black-beauty/
Oct 22, 2019 · African-Americans spend $1.2 trillion each year, and that number is projected to rise to $1.5 trillion by 2021.
https://www.lawenforcementtoday.com/2020-firearm-statistics-black-americans-buying-record-numbers/
Oct 18, 2020 · 2020 firearm statistics: Smith & Wesson stock up by 134%, black Americans buying tons of guns. WASHINGTON D.C. – This year the US has seen record high numbers for firearm and ammunition purchases. One company that’s doing especially well is …
https://www.sbdcnet.org/industry-links/demographics-links/
Feb 11, 2012 · Blacks/African Americans Facts on the Black/African American Population – fact sheet and links to Black/African American data from the Census Bureau. Business & Economic Data 1997 Economic Census – business establishment data for the nation, states, MSAs, counties and cities.
https://www.blackbusiness.com/p/facts-statistics-black-owned-businesses.html
Black-owned businesses accounted for about 28% percent of all businesses in Washington, DC, the highest ratio in the nation. Second, was the state of Georgia, where 20% of businesses were Black-owned, and the state of Maryland, with about 19% in Illinois. The state of New York, however, has the most Black-owned firms at 204,093 but this only ...
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