Understanding Our Economic Position

The economic situation facing Americans of African Descent communities represents both a challenge and an opportunity:

• $1.8 TRILLION: Annual buying power of Black Americans

• 98%: Percentage that leaves Black communities ($1.764 trillion annually)

• 30%: Homeownership gap between Black and White Americans
  

This massive economic leakage flows to:

• China: $439 Billion (electronics, apparel, toys, home goods)

• Europe: $300 Billion (luxury fashion, cosmetics, automotive)

• Other regions: Vietnam/Bangladesh/India (clothing, textiles) and Mexico/Canada (vehicles, petroleum)

  
  

Through strategic redirection of this buying power, we can transform economic leakage into community wealth.