Black Americans' spending habits and the need for generational wealth

Black Americans’ spending habits and the need for generational wealth

June 30, 2025

in Black Media

Reading Time: 2 mins read

As an entire, Black persons are one of many largest shoppers on this nation, to the tune of over $2 trillion every year.

We are inclined to spend as if there isn’t any tomorrow. However the place we fall brief is in investments and creating generational wealth to move on to our kids and grandchildren. But it surely’s time to vary that narrative now, maybe greater than ever.

It’s time to forego that costly Coach purse, pure gold necklace, lavish trip or newest Mercedes Benz and put money into a house, rental property, shares and bonds or simply save extra of your earnings.

Within the newest episode of the Defender Roundtable, the panel that features particular visitor and monetary knowledgeable Angela CeZar Obike, tackles how Black individuals use their cash.

Black individuals spent $1.6 trillion this yr, greater than the GDP of Mexico, Saudi Arabia, Sweden and about 200 different nations.

We have now loads of cash. What we do not need are the abilities required to construct establishments that protect our financial energy. pic.twitter.com/KqLJeqtYH1

— Dr Boyce Watkins – Wealth is Energy (@drboycewatkins1) January 1, 2024

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I have been with The Defender since August 2019. I am a long-time sportswriter who has coated every little thing from school sports activities to the Texans and Rockets throughout my 16 years of dwelling within the Houston market….
Extra by Terrance Harris

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