According to the Nielson Company research, 42 million Blacks have a spending power amounting to $1.3 trillion, which gives each man, woman, and child an annual spending power of $26,200 dollars.
A dollar circulates:
- 6 hours in the Black community
- 17 days in the White community
- 20 days in the Jewish community
- 30 days in the Asian community
If current economic trends continue, the average Black household will need 228 years to accumulate as much wealth as their white counterparts hold today. For the average Latino family, it will take 84 years. Absent significant policy interventions, or a seismic change in the American economy, people of color will never close the gap. (Institute for Policy Studies (IPS) and the Corporation For Economic Development).
It is time for Black People to change the narrative and take back what belongs to them. I decided to create this “Black Pages” directory with the intentions of being another resource that is going to help provide Services for my Black Community by our Black Community. Can you imagine what changes we could make when it comes to Generational Wealth by investing BACK into our communities with a 1.3 trillion dollar yearly spending? I’m excited to find out and have faith that we can make it happen.
Please do your part by spreading these resources and holding our people accountable. You can now find over 100 Black Businesses (majority in the DMV but throughout the United States) in my RPBLACK PAGES!