Buying Power
This group represents $799 billion in buying power and is expected to grow by more than 30% over the next five years.
On average, African Americans are younger than the white population and tend to have less education and lower household income levels, but differences continue to decrease as a function of education.
However, stereotyping this segment as being of lower income would not be accurate. Almost 1/3 of black household incomes >$50,000.