Thursday, January 21, 2010

US Black National Income

One of the discussions I continually hear is that Black people should spend more money with other Black people. The principle sounds great, but is very difficult to do in practice. Blacks, by many standards are extremely integrated into the US economy. Black also own very few establishments. I generally follow the principal of "Don't shop where you cannot work". In other words, if no one working in the store looks like me, I try not to shop there.

So, just what is the size of the US black economy. According to the Bureau of Labor Statistics (BLS, US Black National income is approximately $640 Billion dollars after taxes. The income comes from wages, investments and government transfer payments.

The analysis is based on information from the Consumer Expenditure Survey which was released in October 2009 for data gather in 2008.

Black "Family" Income continues to grow. The average income was recorded at $43,482 after taxes.

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