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Marketing to
African
American Consumers

Recent studies indicate that the
African American demographic has been shifting, with a growing middle class.
In Chicago, 36.7 % of the
population is African American, more than 1 in 3 persons, and significantly higher than the
13% nationwide numbers!
Research has shown that the middle and upper income segments of
the African American community have grown enormously in the past ten years.
As of March 1999 census numbers, nationwide,
25.2% of all African American married couple families had incomes
from $50,000 to $74,999, and 22.6% of these married couples had
income levels of over $75,000.
African American Buying Power - a 287% gain
The Selig
Center’s estimates and projections of buying power for 1990-2013 show that
African American buying power increased from $318.1 billion in 1990 to
$913.1 billion in 2008.
In
March of 2006, Packaged Facts, released a study estimating that
African American buying power would be at $981 billion by 2010.
According to the Selig Center, their revised projections for 2013
indicate numbers at 1.2 trillion, accounting for almost nine cents
of every dollar spent.
The African-American middle and upper middle class are increasingly
affluent, educated and professional.
Results of a study completed by the
U.S. Bureau of Labor Statistics on African-American progress in the
professions indicates gains up to 470% from 1972 to 1991 in areas such as
accounting, engineering, computer programming, law, medicine, journalism and
management. The 2002 Survey of Business Owners released by the Census Bureau
(2006) indicated that the number of black owned birms increased by
45% from 1997 to 2002. This is aout 1.5 times faster than the
10% increase of most U.S. businesses.
Rising levels of educational attainment is also
attributed to the increase in African American buying power.
The African American population also tends to grow faster than the
general population.
African Americans the
Internet
According to Nielsen/NetRatings, the African American Internet
audience in the U.S. has grown to more than 10 million
surfers. In 2003, when the study was released, nearly
one-third or 32% had acess to the Internet via Broadband. This
was prior to the increase in WiFi access and lower Broadband
costs which made high speed connections more accessible for
all Internet users.
African
American
Internet users skew younger,
wealthier, and more educated than their counterparts who are
still offline. The average income of
online African Americans is $58,300 and 18% have incomes of
$75,000 or more.
According to Nielsen Net Ratings, as of September 2001,
African Americans accounted for over 8% of the online
population.
Please see the page on African
American Internet Usage for current information, which vis-a-vis the
information provided from earlier studies noted on this page,
indicate a rapid change in technology adoption. |