Affluent African-Americans have 45% of buying power

Affluent African-Americans have 45% of buying power Avatar Posted by melanee under News
From http://www.bizreport.com 1918 days ago
Made Hot by: on February 25, 2008 12:25 pm
By 2012, buying power in the African-American demographic will reach more than $1.1 trillion; nearly half of that buying power (45%) will be place within the Affluent African-American segment.

The study further found that the buying habits of African-Americans are different than Caucasian or Latino groups. African-Americans who have household incomes of more than $75,000 most are very interested in fashionable clothing and accessories, however fewer of them are apt to shop online, research products online or plan trips online.



Comments


Log in to comment or register here.
Subscribe

Miranda Marquit: Contributor, Journalist, Entrepreneur

There was a time when a graduate from journalism school dreamt of nothing so much as landing that first beat reporter … More
Editor's Picks

Woo-hoo! Congrats to Contributor of the Week Laura Petrolino!
We'll show you ours...if we can see your... small biz videos!
What's your take on small biz? Register and share your thoughts!
Sign up for our weekly newsletter that comes out every Friday!