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Blacks spend Billions of dollars on their hair; How much spent on education
Topic Started: Nov 10 2009, 07:41 PM (2,344 Views)
White Man

I hear people talking about that Chris Rock movie, from what I heard
in that movie Chris Rock say that blacks spend Billions of dollars
a year on hair care product. I wonder how much do blacks spend
on books and educational things?
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'Los
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'Los
What chris rock movie? the old one "head of State?
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White Man

The new Chris Rock movie, that he was on Oprah Show talking about. He said that blacks spend Billions of dollars on hair care products, and he said they don't even own the companies that make those products. I didn't say it, he said it.
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'Los
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'Los
THAT IS SO TRUE. not in my case. but in the majorities case it is so true.
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White Man

I found this chart on black spending, look at these numbers.

CONSUMER EXPENDITURE DATA
From "The Buying Power of Black America"

Click here to get data from our current 2005
Buying Power of Black America report

THE BUYING
POWER OF
BLACK AMERICA - 2003

This is the eleventh edition of Target Market News' annual report on African-American consumers. Again, most of the increases were in categories most influenced by women's purchases. The economic slowdown continues and surely will have an impact on future spending. In 2003 black households had $656 billion in earned income.

Apparel Products and Services . . . . . . . . . . . . . $23.0 billion
Appliances. . . . . . . . . . . . . . . . . . . . . . . . 2.5 billion
Beverages (Alcoholic) . . . . . . . . . . . . . . . . . . 2.5 billion
Beverages (Non-Alcoholic) . . . . . . . . . . . . . . . . 2.5 billion
Books . . . . . . . . . . . . . . . . . . . . . . . . . . 326 million
Cars, Trucks and Motorcycles . . . . . . . . . . . . . .32.6 billion*
Computers and Related Equipment . . . . . . . . . . . . . 1.9 billion
Consumer Electronics. . . . . . . . . . . . . . . . . . . 3.5 billion
Contributions . . . . . . . . . . . . . . . . . . . . . 12.3 billion
Education . . . . . . . . . . . . . . . . . . . . . . . . 6.2 billion
Entertainment and Leisure . . . . . . . . . . . . . . . . 2.7 billion
Food. . . . . . . . . . . . . . . . . . . . . . . . . . 56.5 billion
Gifts . . . . . . . . . . . . . . . . . . . . . . . . . . 7.9 billion
Health Care . . . . . . . . . . . . . . . . . . . . . . 18.0 billion
Household Furnishings and Equipment . . . . . . . . . . 11.9 billion
Housewares. . . . . . . . . . . . . . . . . . . . . . . . 973 million
Housing and related charges . . . . . . . . . . . . . . 145.2 billion
Insurance . . . . . . . . . . . . . . . . . . . . . . . 16.2 billion
Media . . . . . . . . . . . . . . . . . . . . . . . . . . 6.0 billion
Personal Care Products and Services . . . . . . . . . . . 6.5 billion
Sports and Recreational Equipment . . . . . . . . . . . . 900 million
Telephone Services. . . . . . . . . . . . . . . . . . . 14.4 billion
Tobacco Products and Smoking Supplies . . . . . . . . . . 2.8 billion
Toys, Games and Pets. . . . . . . . . . . . . . . . . . . 2.3 billion
Transportation, Travel and Lodging. . . . . . . . . . . . 4.8 billion

Copyright (c) 2004 Target Market News. All rights reserved. From "The Buying
Power of Black America - 2004" Do not cite without proper credit.
*This total does not include all automotive related expenditures listed
in the report.

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'Los
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'Los
The thing that bother me is the question "how much of these assets are created by blacks or black owned companies". I thank you for these statistics, will be saving these
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New York
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That White guy got his game tight, he pulled out a chart on black spending. LOL (that's too dam funny)
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'Los
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'Los
Out of all those categories, i counted 4 that blacks contribute in. that is sad.
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New York
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On that chart black people spent 326 million dollars on books, but if you notice black people spent 2.5 billion dollars a year old alcohol. What's wrong with that picture
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White Man

That chart speaks volume
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