Affluent African-Americans have 45% of buying power

Posted by melanee under News
From http://www.bizreport.com 6114 days ago
Made Hot by: on February 25, 2008 5:25 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.