BLACK SPENDING (USA Today)
Next time you see that 'player of the year' flawsin' in that 2007 Chrysler 300 sittin' on 23's while he's pulling it into a parking stall of a rented apartment hand him this article. USA Today article on Black Spending Habits: These are tough economic times, especially for African-Americans, for whom the unemployment rate is more than 10%. Alarmingly, rather than belt-tightening, the response has been to spend more. In many poor neighborhoods, one is likely to notice satellite dishes and expensive new cars.
According to Target Market, a company that tracks black consumer spending,blacks spends a significant amount of their income on depreciable products. In 2002, the year the economy nose-dived; we spent $22.9 billion ($22,900,000, 000.00) on clothes, $3.2 billion ($3,000,000, 000.00) on electronics and $11.6 billion (11,000,000, 000.00) on furniture to put into homes that, in many cases, were rented.
Among our favorite purchases are cars and liquor. Blacks make up only 12% of the U.S. population yet account for 30% of the country's Scotch consumption. Detroit, 80% black, is the world's No.1 market for Cognac (Pass The Co---------) . Detroit is also the number one crime city of America.
So impressed was Lincoln with the $46.7 billion ($46,000,000, 000) that blacks spent on cars that the automaaker commissioned Sean 'P. Diddy' Combs, the entertainment and fashion mogul, to design a limited-edition Navigator complete with
Next time you see that 'player of the year' flawsin' in that 2007 Chrysler 300 sittin' on 23's while he's pulling it into a parking stall of a rented apartment hand him this article. USA Today article on Black Spending Habits: These are tough economic times, especially for African-Americans, for whom the unemployment rate is more than 10%. Alarmingly, rather than belt-tightening, the response has been to spend more. In many poor neighborhoods, one is likely to notice satellite dishes and expensive new cars.
According to Target Market, a company that tracks black consumer spending,blacks spends a significant amount of their income on depreciable products. In 2002, the year the economy nose-dived; we spent $22.9 billion ($22,900,000, 000.00) on clothes, $3.2 billion ($3,000,000, 000.00) on electronics and $11.6 billion (11,000,000, 000.00) on furniture to put into homes that, in many cases, were rented.
Among our favorite purchases are cars and liquor. Blacks make up only 12% of the U.S. population yet account for 30% of the country's Scotch consumption. Detroit, 80% black, is the world's No.1 market for Cognac (Pass The Co---------) . Detroit is also the number one crime city of America.
So impressed was Lincoln with the $46.7 billion ($46,000,000, 000) that blacks spent on cars that the automaaker commissioned Sean 'P. Diddy' Combs, the entertainment and fashion mogul, to design a limited-edition Navigator complete with

