Black Spending Power 2025. According to a 2020 report via cnbc, black buying power was $1.4 trillion in 2019 and is projected to grow to $1.8 trillion by 2024. Cnbc's frank holland joins 'squawk box' to report that black spending power reached a record $1.6 trillion in 2021, although the group's net worth declined 14%.
There’s no denying that black consumption has been constrained, and while it’s growing quickly that growth is starting from a lower base. Javier blas is a bloomberg opinion columnist covering energy and commodities.