Black Stats Frequently requested
data on African American consumers
Black Buying Power:
$836 Billion (2010)
Black U.S. Population:
Top Five Black Cities
- New York
Top Five Black Metros:
- New York-New Jersey
- Los Angeles
Top Five Expenditures:
- Housing $203.8 bil.
- Food $65.2 bil.
- Cars/Trucks $29.1 bil.
- Clothing $29.3 bil.
- Health Care $23.6 bil. ______________________
Quick access to key stats
Click here to go to African-American Census Bureau
2010 by Target Market News Inc. All rights reserved
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Chicago, IL 60604
Fargo, Rainbow PUSH launch financial education program through churches
(November 13, 2010) Wells Fargo & Company has announced a new national
alliance with the Citizenship Education Fund, an affiliate of the Rev.
Jesse L. Jackson, Sr.'s Rainbow PUSH Coalition, to provide financial
education training to African American clergy, parishioners and Wells
Fargo customers beginning in 2011. The initiative, called the One
Thousand Churches Connected Save Our Homes Financial Literacy Program,
marks an unprecedented collaboration between Wells Fargo and the civil
rights organization to help provide educational resources that improve
the financial success of African Americans.
"Wells Fargo strongly believes that the solution to today's challenging
financial times is education," says Georgette "Gigi" Dixon, senior vice
president, director of national partnerships for Wells Fargo. "We are
focused on long-term economic development in the African American
community, but we know our customers must be empowered with the
knowledge they need to succeed. This partnership with the Citizenship
Education Fund will provide a powerful avenue that fosters a more open
dialogue. This announcement underscores Wells Fargo's commitment to
financial education and forging relationships with national African
Together Wells Fargo and the Citizenship Education Fund are training
financial education coordinators in 1,500 churches at six Citizenship
Education Fund sites across the country. As part of this effort, Wells
Fargo is using its free money management program Hands on Banking to
educate church members and communities about how to manage their money,
establish credit, invest, and save for the future. For more information
Wells Fargo offers a variety of educational tools and resources to help
consumers better manage their spending, save more and pay down debt. For
Wells Fargo's Smarter Credit center. An online resource at
www.wellsfargo.com/smarter_credit that provides information and services
to help customers be smarter about credit -- whether it's establishing
credit for the first time, reducing debt, getting more credit, or
managing and protecting credit for the long term.
Rapid alerts. A free service that sends customers a text message to
their mobile phone when their credit card is used, helping them track
their spending and better manage their finances. The alerts tell them
about purchases exceeding a set amount and helps cardholders spot
My Spending Report with Budget Watch. A free online money management
tool that helps customers create a budget, set goals, and monitor their
progress throughout the month.
My Savings Plan . A free online tool that provides Wells Fargo savings
account customers an easy way to save toward a goal, automatically
Wells Fargo Debt Pay Down Solution. A three-part solution designed to
help customers pay down their debt faster so they can increase their
JUST RELEASED New
'Buying Power' report: Black consumers spend as economy grows Details $507
1, 2010) African-American consumers are cautiously increasing their
spending in some key product categories, even as they continue to make
adjustments in a slowly growing economy. The finding comes from the soon
to be issued 16th annual edition of "The Buying Power of Black America"
In 2009, black households spent an estimated $507 billion in 27 product
and services categories. That's an increase of 16.6% over the $435 billion
spent in 2008. African-Americans' total earned income for 2009 is
estimated at $836 billion...