African American Buying Power Rankings By State
African Americans in South Carolina saw their buying power (disposable income after taxes) increase by $3 billion (10.9 %) since 2010 and ranks #6 among states in the U.S. and Washington, DC.
|Rank||State||Percentage of Buying Power|
|No. 1||Washington D.C.||26.3%|
|No. 6||South Carolina||17.7%|
|No. 9||North Carolina||14.8%|
African American Consumption
According to the Selig Center for Economic Growth (Terry College of Business, University of Georgia), nationally African Americans spent more on the following:
They also spent less on the following:
- New Cars
- Health Care
The Selig Center also reports that nationally, African Americans buying power reached $1 Trillion dollars in 2013 and will grow to $1.3 Trillion in 2018!
|Race||Total Buying Power||2010 Total|