TITLE

Black Buying Power

PUB. DATE
July 2004
SOURCE
Convenience Store News;7/12/2004, Vol. 40 Issue 9, p74
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
According to the Selig Center for Economic Growth at The University of Georgia, the black buying power in the U.S. is projected to reach $921 billion in 2008. That marks a 189 percent increase over the last 18 years, outstripping both the increase in white buying power and total buying power. Nationally, African-American consumers account for almost 9 cents out of every dollar that is spent, and $2 out of every $3 spent by minorities. About 80 percent of African-Americans have earned at least a high school diploma and 65 percent are in the labor force, according to the U.S. Census Bureau.
ACCESSION #
13790482

 

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