Black Americans buying power to reach $1.1 Trillion by 2015....little to show for it

[Marciano]

Black Buying Power To Reach $1.1 Trillion, Report Finds

Interesting article. According to it, "with a buying power of nearly 1 trillion annually, if Blacks were a country, they'd be the 16th largest country in the world"

Nice, right? Naw, we spend & spend but have little in savings or investments.

""Unfortunately, when African-Americans make money, we spend it. We don't use it to invest or produce. When we get our tax refund, we go straight to the store."

 

[Cat piss martini]

Been saying this for years..
we are always gonna buy the most expensive
shyt we cant afford and the companys dont even
respect the black dollar.
the black dollar IS the fukkin economy.

 

[Marciano]

Been saying this for years..
we are always gonna buy the most expensive
shyt we cant afford and the companys dont even
respect the black dollar.
the black dollar IS the fukkin economy.

Yeah, that's pretty deep to sink in that if Black Americans were there own country, they'd be the 16th largest in the world.

 

[SnugglesDaBear]

1.1 trillion?

do you know how many J's you can buy with that?

 

[intruder]

Black people waste money tho

 

[IrishBrother]

How much of that cash comes from public sector jobs and social welfare?

It needs to be broken down.

 

[Boolean]

It's in a black person's soul to rock that gold
Spend ya whole life tryna get that ice
On a polo rugby it look so nice
How could somethin' so wrong make me feel so right, right?

 

[Sierra Mist]

That's what happens when people are hyper consumers. How about instead of SPENDING all your money and giving it to nonblack people, you instead start businesses and industries to put money into your own communities? being the biggest spenders isn't something to brag about.



But nikkas don't think that deep.

 

[MMS]

Black Buying Power To Reach $1.1 Trillion, Report Finds

Interesting article. According to it, "with a buying power of nearly 1 trillion annually, if Blacks were a country, they'd be the 16th largest country in the world"

Nice, right? Naw, we spend & spend but have little in savings or investments.

""Unfortunately, when African-Americans make money, we spend it. We don't use it to invest or produce. When we get our tax refund, we go straight to the store."

everytime ive told people this, theyve scoffed

alot of folks just arent trying to hear this

 

[IrishBrother]

the black dollar IS the fukkin economy.

Something like 60% of blacks in America are either on welfare or working in government jobs. Not to mention in the prisons.

Which the article fails to address. A large proportion of the wealth comes from the taxpayer. So if black Americans formed their own nation, they would need to higher taxes to subsidise this.

In short, the article is poorly written, researched and a load of bollix.

Sorry to burst anyones bubble, but its the truth.

 

[Sierra Mist]

[ame=http://vocaroo.com/i/s0QNgzxi6319]Vocaroo | Voice message[/ame]

Rims are Forever™​

 

[Marciano]

everytime ive told people this, theyve scoffed

alot of folks just arent trying to hear this

Exactly. It hits home even because I'm in the financial & investment field. Trying to talk to Black folk about relatively simple things like 401k & IRA, it still falls on deaf ears smh

Something like 60% of blacks in America are either on welfare or working in government jobs. Not to mention in the prisons.

Which the article fails to address. A large proportion of the wealth comes from the taxpayer. So if black Americans formed their own nation, they would need to higher taxes to subsidise this.

In short, the article is poorly written, researched and a load of bollix.

Sorry to burst anyones bubble, but its the truth.

Where did you pull that from? Seriously reaching....60%?

 

[Mr Uncle Leroy]

been holding off on the report...

the real sick thing about it, is the funding/advertisement spent on blaq channels...

also 500 million is spent on hair product...ah blaq manufacturer of hair?

or yall c00ns just by default give that to the azns and cacs?

 

[Insensitive]

Calling black folks "c00ns" for every little thing y'all disagree with
is quite possibly the worst fvcking trend on this site.

 

[Mr Uncle Leroy]

Its time blaqs become progressive,

the kkkooning is sicking

grow up, get some balls and make some businesses.

stop being socially conditioned to be ok with status quo

$500 million on hair products? yall made $500 million for some other group to be richer, and they dont employ yall, damn kkkoons.