What do African Americans buy the most?
What Do Blacks Spend the Most Money On? Black households spend a significant portion of their income on housing, food, healthcare, and personal care products. In 2022, the median White household held $284,310 in wealth, more than six times that of the median Black household at $44,100 and 4 times that of Hispanic households at $62,120. Black households have a wealth gap of 85% compared to White households, and Hispanic households have a wealth gap of 78%.For low-income Black households, the top five aggregate expenditure share categories were housing (45.In 2021, households with a White householder made up 65. U. S. Those with a Black householder made up 13. U. S.
How is the richest African American?
The richest Black American—with an estimated net worth of $11. David Steward grew up in the segregated South with seven siblings and a father who worked as a mechanic, janitor and a trash collector. World Wide Technology is the largest Black-owned business with $17 billion in annual revenue. Black or African American women own an estimated 58,974 businesses with at least one employee, employing 481,930 employees.The following companies are some of the largest Black-owned businesses in the U. S. At the top of the list is David Steward’s successful company, World Wide Technology. The corporation employs about 10,000 people across the globe and brought in $17 billion in revenue last year, according to Forbes.
What ethnicity buys the most cars?
Distribution of new and used car buyers by ethnicity in the U. S. In 2021, most of the car buyers in the United States self-identified as white. This included both the new and used car markets, where this ethnic group made up over four-fifths of the buyers. Car ownership by race 4. White Americans reported living in a home without access to a vehicle. Latino households reported not having access to a vehicle. White Americans comprised 64. U. S. In 2015, Hispanic buyers accounted for 12. U. S.