Defender Roundtable: Understanding power of Black dollar and how to use it

As a whole, Black people are one of the biggest consumers in this country, to the tune of over $2 trillion each year.

We tend to spend as if there is no tomorrow. But where we fall short is in investments and creating generational wealth to pass on to our children and grandchildren. But it’s time to change that narrative now, perhaps more than ever.

Blacks in America spend $1.2 Trillion a yr,with the least participation or consideration to our needs.If WE make a conscious decision not to spend with a corporation. They MUST attend to our concerns. THATS OUR SUPER POWER!!!- Ye voice #USorELSE✊🏽 #GeniusTalks #OurDollarsMatter pic.twitter.com/MdSVaNsmcB

— T.I. (@Tip) June 25, 2018

It’s time to forego that expensive Coach purse, 24-karat gold necklace, lavish vacation or latest Mercedes Benz and invest in a home, rental property, stocks and bonds or just save more of your income. 

In the latest episode of the Defender Roundtable, the panel that includes special guest and financial expert Angela CeZar Obike, tackles how Black people use their money. 

Black people spent $1.6 trillion this year, more than the GDP of Mexico, Saudi Arabia, Sweden and about 200 other countries.

We have plenty of money. What we do not have are the skills required to build institutions that preserve our economic power. pic.twitter.com/KqLJeqtYH1

— Dr Boyce Watkins – Wealth is Power (@drboycewatkins1) January 1, 2024

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