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(June 26, 2008)
*According to ReportBuyer.com, an online service which labels itself “the online destination for business intelligence,” African Americans will have spending power in excess of $1.1 trillion by 2012.
However, that buying power will not be spread equally among the nation’s 40 million Black Americans.
According to the report, “there are 2.4 million affluent African American households with incomes of $75,000 or more.
They account for 17 percent of all African American households but 45 percent of total African American buying power.”
The British-based ReportBuyer.com based its report on a study entitled “The African American Market in the U.S.” (source: Taylor Media Services)
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