HE SAID/SHE SAID: SUPPORT BLACK BUSINESSES... OR DO YOU?
Mercedes Wright, Odofoley Oquaye, and F. Khristopher Blue (no Vann Lowery today :( ! ) talk about the BLACK dollar. Well, mostly the ladies on this episode... A dollar spends 28 days circulating in the Asian community; 19 days in the Jewish community; 17 days in predominately WASP communities; and 7 days in Hispanic communities. A dollar circulates for only 6 hours in the black community. In other words, when a Black person earns a dollar it is typically not spent with a Black owned business. 99% of our 1.3 Trillion dollar buying power is spent outside of our community. Blacks spend less…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.