Black in America: Black Buying Power

[WhiskeyGirl]

Black in America: Black Buying Power
By DANYELLA DAVIS

"One of the things that we have discovered with a lot of minorities is that they don't really make a distinction between buying power and discretionary buying power," Mcquiston said. "If their take home paycheck is $500 a week, they will assume that is $500 they can spend."

The National Urban League Institute for Opportunity and Equality says historically the Black community has always spent more than what it has had.

...on average African-American households spend $204.24 on women's shoes compared to that of a Caucasian household that spends $142.46.

"We have a consumer mindset. We have moved from being a production slave to the distribution slave to the consumer slave," says Thomas L. Brown, a professor at Martin University.

Americans are now debt slaves - we are in bondage to debt (to China and others) and cannot free ourselves, the debt is growing larger under Barack.

"African-Americans are the only racial group in the world that don't utilize a collective economic ethos in their behavior," House-Soremekun said. "We don't use our resources to help our whole community."

House-Soremekun says it's vital African-Americans patronize Black businesses to reduce the bulk of income flows out of the Black community within the first five business days in the first month.

Why not buy American?  Build jobs and opportunity in America?  Stop the flow of American money to offshore locations?

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