Shelby Originals | In-Depth Food Industry Stories & Analysis
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The Multicultural Economy

The Selig Center’s estimates and projections of buying power for 1990-2015 show that minorities—African Americans, Asians, Native Americans and Hispanics—wield formidable economic clout. The numbers are impressive. In 2010, the Hispanic market ($1 trillion) is larger than the entire economies (2009 GDP measured in U.S. dollars as reported in the CIA World Factbook) of all […]

Posted in, National, Shelby Originals

African-American Buying Power

In 2010, African Americans will constitute the nation’s largest racial minority market, but the buying power of Hispanics—an ethnic group—is larger. Despite the severe impact of the 2007-2009 recession, however, blacks’ economic clout will continue to energize the U.S. consumer market. The Selig Center projects that the nation’s black buying power will rise from $316 […]