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Article: Minority Buying Power to Triple through 2008.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- August 15, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Dianne Solis, The Dallas Morning News Knight Ridder/Tribune Business News
Aug. 15--Minority buying power will more than triple from its 1990 level through 2008, illustrating the significant population growth, and, for blacks and Asians, their educational strides, according to a new study from the University of Georgia released Thursday.
Total buying power during this period -- which includes the longest economic expansion in U.S. history -- will increase about 148 percent, said the Selig Center for Economic Growth at the University of Georgia.
Most dramatic will be the rise in Hispanic buying power: 356 percent from its 1990 level ...