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 Commerce’s 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?