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 1913 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

Rachel Parker @resonancesocial Makes Social Sensational

You may have heard this story before. Dedicated, experienced corporate professional grows tired of the lack of … More
Editor's Picks

Sign up for our weekly newsletter that comes out every Friday!
Got small biz videos? Come visit our Video & Image Gallery!
Is your content relevant? Let our guidelines steer you straight...
Need help with submitting an article? Contact us HERE.