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State of the Blackonomy

PictureBlack Economic Statistics
  • There are 43 million Blacks in America (13.1% of the total population)
  • Black median income is $35,610
  • Black Average income is $47,290
  • Black aggregate consumer resources is approximately $1.1 Trillion
  • 22% of Black households make less than $15,000 annually
  • Only 10% of Black households make more than $100,000 a year
  • Blacks have a median net worth of $6,446
  • 33.9% of Black households have zero or negative net worth
  • Blacks earn an average of 59 cents for each dollar earned by Whites
  • 7% of Blacks inherit money (36% of whites)
  • Each inherited dollar contributes 20 cents of wealth for Blacks (91 cents for whites)
  • 28% of Blacks live in poverty
  • 44% of Black households own homes
  • Black families have an average debt burden of 53% (compared to 17% for White families)
  • The value of real estate accounts for 48.6% of the value of a Black family's total assets
  • Blacks lost $1Trillion worth of wealth in the Great Recession
  • Black families lost an average of 27.1% of their net wealth during the Great Recession
  • Black businesses account for 7% of total businesses (1.9 million companies)
  • The Black unemployment rate is 12.6% (It has consistently been twice that of the white population for 50 years)
  • There is only 1 Black American Billionaire (Out of 7 Black Billionaires worldwide.  There are a total of 1,426 Billionaires worldwide)
  • 79% of Black households carry credit card debt
  • African Americans currently carry an average balance of $5,784 on their credit cards
  • 45% of African American families are using credit card debt to cover basic living expenses





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  • Home
    • About Us: The BlackPrint Statement of Purpose
    • Today in Blackness >
      • May in Blackness
      • Quote of the Day >
        • Quote of the Day March
        • Quote of the Day February
        • Quote of the Day January
        • Quote of the Day December
        • Quote of the Day November
        • Quote of the Day October
        • Quote of the Day September
        • Quote of the Day August
        • Quote of the Day July
        • Quote of the Day June
        • Quote of the Day May
  • Learn To Fish
    • The Case For Black Entreprenuership
    • How to File For A Tax ID Number
    • Getting Organized For Business >
      • Getting Organized For Business 2
    • The Case Against the 40 Hour Workweek
  • Shoulders of Giants
    • Giant: Patrice Lumumba
    • Giant: Nat Turner
    • The Donkey's Sin - Ethiopian Parable
    • Giant: Haile Selassie
    • Giant: Madame CJ Walker
    • Giant: Hannibal Barca
    • Giant: George Washingon Carver
    • Giant: Sojourner Truth
    • Giant: Toussaint L'Ouverture
    • Giant: Harriet Tubman
    • Giant: Huey Newton
    • Giant: Marcus Garvey
  • Mind On My Money
    • 6 Terms to Master Financial Literacy
    • Black Wealth By The Numbers
    • Blackonomics 102: State of The Black Owned Businesses
    • Blackonomics 101: State of the Black Economy
    • 25 Resources For Getting Your Business Off the Ground
    • Black Investing 101: Invest In Stocks For Your Kids
    • How to Introduce Your Child to Money - Infographic
    • Black Investing 101: Invest In Companies You Support
    • Black Personal Finance 101
    • Getting on Track
    • Managing Debt >
      • Addicted To Debt
      • THEY Don't Want You to Know
      • Dirty Little Secrets
      • Your Rights As a Consumer
    • Understanding Credit >
      • Why Credit Matters
      • About Your Credit Score
      • Optimize Your Credit Score
      • By the Numbers
  • Unruly Intellectual Blog