African American households shorten spending in
many categories like food,clothing, and household items.
Our black people have put more money into home repair,
home entertainment, and consumer electronics. Our black
people are increasing their spending on things like home
repairs and remodeling, audio and visual electronics, and
books purchased online. Black households earned an
income of 679 billion dollars in 2004.
The products and services showing a large one year
increase were sound systems, computer online services,
sports and recreational equipment, dishwashers, washing
machines, and contributions to churches.
THe Buying Power of Black America is a report
consisted of 104 pages. It tells about the expenditures of
3,000 black households for the Department of Commerce’s
Consumer Expenditure Survey.
THe most money spent by our black people was
596 million dollars. The rest of “what the money is spent
on and how much” is a mystery UNLESS you go
view the chart on the website I got this information from:
Life is a constant budget unless you are rich. THis chart is our starting
point that will let us know where we need to be in our spending. This
is a portion of the Black Economics. THere should be more investment
required classes, more than just math, investment classes. THese
classes should especially be at Black Colleges. That is especially
so with all these high gas prices and high rent and high travel
and prices add on top of another. Like my mother says, many
times people are just working to pay bills. Everyone needs
their leisure time ! You feel me?