Blacks spend less money in black-owned businesses than other racial and ethnic groups spend in businesses owned by members of their groups, including Hispanics and Asians. A report by Nielsen and Essence estimates that black buying power will reach $1.3 trillion in the next few years, yet only a tiny fraction of that money is spent at black-owned businesses.
A study by the Kellogg School of Management at Northwestern University found that between half a million and a million jobs could be created if higher-income black households spent only $1 of every $10 at black-owned stores and other enterprises. The million jobs will only happen if collectively the black community worked to invest more of their spending with black-owned businesses.
Be smart this holiday season and put money back into our communities. Here’s a holiday gift guide brought to us by the good folks over at “I Don’t Do Clubs.com”
Check it out by clicking the link below.
P.S you also can save the hassle of you being like these people, particularly the one to the far right.