2019 Corporate Partners

Minority markets see economic growth

Every racial and ethnic minority group in America is making financial gains but not at equal rates, according to the latest Multicultural Economy Report from the University of Georgia.

The annual report calculates the consumer buying power—or total income after taxes—for minority markets in the U.S.: African Americans, Asian Americans, Hispanics and Native Americans. Published by the Selig Center for Economic Growth, a unit of UGA’s Terry College of Business, the Multicultural Economy Report is available for purchase.

The sustained growth of the U.S. economy culminated in an estimated $14.8 trillion of buying power nationally in 2018, an increase of 100 percent since 2000 and 30 percent since 2010, with the biggest percentage gains occurring in minority markets. READ MORE AT UGA TODAY

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