We have come a long way! African-Americans have had to overcome many adversities to reach varies levels of affluence. Blacks endured racism, classism, and many other "isms" to become CEOs, CFOs, COOs, Managers, and etc. There are hundreds of African American accomplishments that could be highlighted; Black billionaires, Black CEOs, Black political representatives, Black University President, and Black Surgeons.
According to the Selig Center of Economic Growth at the University of Georgia's Terry College of Business, Black buying power will increase by 189 percent by 2008. The improvement in our buying power is due to increases in income, education level, home ownership, corporate progress and business startups. According to another study by Chicago- based Target Market News, black America were considered a nation, its amount of disposable income would rank 11th in the world.
But with all these acommplishments, are we, African-Americans, successful? Have Black people become a viable economic force in this country? Black economist bemoan that fact that although we have made great strides in buying power, there remains a low level of spending by blacks with blacks.
Until we start acting in our self-interest, black spending will never be of any great benefit to Black people across the Diaspora. However, the good news is that we can change that trend. We can change how we spend, how we shop, how we do business, and how we communicate. Become a member of iZania by going to
www.izania.com. As an iZanian, you are guaranteed the opportunity to act in your own self-interest.
Newsletter Excerpt: Black Buying Power...But Not Black Success!
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