The African American Market!
The African American community represents a wealth of over $400
billion dollars in the consumer market. Globally this figure exceeds
$1 trillion dollars. However, true wealth must include entrepreneurs
as well as consumers. One contributing factor for the increase in
African American buying power is the successful increase of business
start-ups and expansions by African American entrepreneurs.
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African American Market 2005
The African American consumers' frequently requested data. Black
Buying Power: $656 Billion (2003);
Black U.S. Population: 38.3 million.
Top Five Black Cities:
- New York
- Chicago
- Detroit
- Philadelphia
- Houston.
The Top Five Black Metros: - New York-New Jersey - Washington-Baltimore
- Chicago-Gary - Los Angeles and - Philadelphia. The Top Five Expenditures:
- Housing 145.2 billion dollars
- Food 56.5 billion dollars
- Cars/Trucks 32.6 billion dollars
- Clothing 23.0 billion dollars
- Health Care 18.0 billion dollars.
Source: BlackStats
U.S. Census Bureau Minority Links
Blacks or African Americans in the United States, comprised 13 percent of the civilian non-institutionalized population, 36.0 million people as of March 2002.
Region of Residence in 2002 (Precent of Population):
Northeast 18.1% ;
Midwest 18.1% ;
South 55.3% ;
West 8.6% .
Source: factfinder
The black population is projected to rise from 35.8 million
to 61.4 million in 2050, an increase of about 26 million or
71 percent.
African Americans Minority Links for Media
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Black or African American make up 1.6 Percent of
employer business owners and 11.6 Percent of
U.S. resident population (age 25 and over).
Source: 2002 Survey of Business Owners
The fastest growing segment of computer owners and web users in
America is the African American household. This is a ripe market for
the entrepreneur. Would you like to earn an income in excess of
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