African Americans Buying Power to be nearly $1 Trillion by 2010
http://www.gbmnews.com/articles/1717/1/African-Americans-Buying-Power-to-be-nearly-1-Trillion-by-2010/Page1.html
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Published on 10/19/2007
Black Americans are projected to have a total income or buying power of $981 billion by 2010 says a new report.
The projection comes in a report entitled 'African American Credit, Debit and Prepaid Card Users: Under-valued and Overlooked.' The aim of the report was to encourage companies to target Blacks for greater credit card use. It concluded: 'overall, the financial services industry does little to cultivate the African American market as a long-term source of valuable customers.'
The report also found that over 2 million African American households have incomes of $75,000 or more a year.
Bounce back
The projection comes in a report entitled 'African American Credit, Debit and Prepaid Card Users: Under-valued and Overlooked.' The aim of the report was to encourage companies to target Blacks for greater credit card use. It concluded: 'overall, the financial services industry does little to cultivate the African American market as a long-term source of valuable customers.'
The report also found that over 2 million African American households have incomes of $75,000 or more a year.
Bounce back