In 2022 the black spending power hit a whooping 1.6 Trillion dollars? How much of that was spent Nike Jordans? 1 billion? How much spent on nails and hair extensions? On Mercedes? How much we spending paying the intrest payments on loans?
It's not that we are spending our money outside the black community that's the problem, it's that we spending it foolishly on crap we don't need rather than investingit in our own futures. Black Spending Power is just a pharse media people and community activists coined to make it sound like we oppressed but we got somehow got power due to how much money we blow each year. Nobody talks about white spending power or Asian spending power or jewish spending power, why? Because they said their money, they invest they money in bonds and shares, they get themselves mortgages rather than pay somebody else's mortgage with rent checks. You see a white guy or Asian guy he not spending $300 dollars on the latest Nikes made in a 3rd world country for a dollar, he might be driving a busted old Honda even though he making good money because he trying to get together the down payment on a house or start a business or get enough money to go to college. White women don't be spending $2000 per month on hair and nails. Asian people be pushing their kid's to do well at school and college.
We gotta look back and ask why all through segregation and Jim crow was the black community mote prosperous then than now?
If you watch commercials now they are all aimed at black folks especially ones regarding loans.
