Every racial and ethnic minority group in America is making financial gains but not at equal rates

Multicultural Economy Report from the University of Georgia : Selig Center’s Multicultural Economy Report shows minority groups have a combined buying power of $3.9 trillion

The combined buying power of African Americans, Asian Americans and Native Americans is estimated to be $2.4 trillion, while the nation’s Hispanics command $1.5 trillion in spending power—larger than the GDP of Australia.

African American buying power has seen impressive gains since the end of the last economic downturn, jumping from $961 billion in 2010 to an estimated $1.3 trillion in 2018. Since 2000, the African American market has seen a 114 percent increase in buying power.

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