Charismaallovers Weblog
05/03/2008Black Economics, How much money did OUR BLACK people spend
on necessities and leisure time in 2004
African American households shorten spending
in many categories like food,clothing, and household items.Our black
people have put more money into home repair, home entertainment, and
consumer electronics. Our black people are increasing their spending
on things like home repairs and remodeling, audio and visual electronics,
and
books purchased online. Black households earned an income of 679 billion
dollars in 2004.
The products and services showing a large
one year increase were sound systems, computer online services, sports
and recreational equipment, dishwashers, washing machines, and contributions
to churches. THe Buying Power of Black America is a report consisted
of 104 pages. It tells about the expenditures of 3,000 black households
for the Department of Commerces Consumer Expenditure Survey.
THe most money spent by our black people
was 596 million dollars. The rest of what the money is spent on
and how much is a mystery. Life is a constant budget unless you
are rich. This is a portion of the Black Economics. THere should be
more investment required classes, more than just math, investment classes.
THese classes should especially be at Black Colleges. That is especially
so with all these high gas prices and high rent and high travel and
prices add on top of another. Like my mother says, many times people
are just working to pay bills. Everyone needs their leisure time ! You
feel me?