Article: Black People In America Have $1.1
Trillion In Buying Power, 
Are We Putting Our Money To Good Use?
(click to view)

ESTIMATED EXPENDITURES BY
BLACK HOUSEHOLDS

2020 Year In Review: How Do Black People Spend Their Money?
Apparel Products and Services - $29.3 billion
Appliances - $2.0 billion
Beverages (Alcoholic) - $3.0 billion
Beverages (Non-Alcoholic) - $2.8 billion
Books - $321 million
Cars and Trucks – New & Used - $29.1 billion
Computers - $3.6 billion
Consumer Electronics - $6.1 billion
Contributions - $17.3 billion
Education - $7.5 billion
Entertainment and Leisure - $3.1 billion
Food - $65.2 billion
Gifts - $9.6 billion
Health Care - $23.6 billion
Households Furnishings & Equipment - $16.5 billion
Housewares - $1.1 billion
Housing and Related Charges - $203.8 billion
Insurance - $21.3 billion
Media - $8.8 billion
Miscellaneous - $8.3 billion
Personal and Professional Services - $4.1 billion
Personal Care Products and Services - $7.4 billion
Sports and Recreational Equipment - $995 million
Telephone Services - $18.6 billion
Tobacco Products - $3.3 billion
Toys, Games and Pets - $3.5 billion
Travel, Transportation and Lodging - $6.0 billion

Source: Target Market News, African-American’s Buying Power.
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