|
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 1990-2007 show that
African American buying power will increase from $316.5 billion in 1990 to
$852.8 billion in 2007, up 170% in that seventeen year range.
In
March of 2006, Packaged Facts, released a study estimating that
African American buying power would be at $981 billion by 2010.
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 Selig Center Study has projected that African American buying
power will reach $852.8 billion by 2007, up from $645.9 in 2002.
African Americans the
Internet
According to a study by Cyber Dialogue’s American User
Survey, African Americans are currently the largest ethnic
minority group online with 4.9 million 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. |