black spending power (1)

African Americans continue to have a supersized influence on the U.S. economy. By 2020 African Americans are projected to have a buying power of$1.5 trillion with a cumulative growth of 16% and a compound annual growth rate of 3% from 2015-2020, according to market research firm Packaged Facts in the report African-Americans: Demographic and Consumer Spending Trends, 10th Edition.

Skeptics about the cohort's financial clout have to look no further than the recent success of the 2018 blockbust

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