Where are the facts behind that Black Purchasing power statistic?

[CrimsonTider]

You the know the stat that says black people spending is nearing 1 trillion dollars.

Does anyone know where this number comes from and how come the spending power of other demographics is never mentioned?

It seems like a lot of you use this number to confirm your beliefs that black people spend most of there money on material things and shyt like that.

 

[Edi]

Good question this is the only thing I found regarding that statistic

The Buying Power of Black America

is an analysis of data compiled annually by the Dept. of Commerce. It is based on interviews and diaries collected from 3,000 black households -- one of the most comprehensive surveys conducted on black consumers. /

 

[Yung Yogurt]

I agree wit u. half these studies and trendy facts are prolly bullshyt, but whatever makes nikkas lokks good works fod me daddio.

 

[Edi]

Buying Power of Hispanics Worth $1 Trillion, Report Says - NationalJournal.com

Another article saying hispanics buying power is worth around the same which makes sense considering we have around the same number population wise.

Going to look for any info on other races.

 

[bangedher_wholesquad]

So that must mean white people have 4 times the purchasing power since that's how much more of them there are in usa

 

[mortuus est]

so what is cacs stats?

 

[Diondon]

White people spending power is an oxymoron. It's a given whites will spend money with other whites. That's why measuring the minorities' is significant.