Which race spends the most money in America?

In 2022, housing required the highest amount of consumer expenditure across all races, with Asian individuals spending the most. Additionally, Asian individuals spent more on personal insurance and pensions, as well as education than any other race.

What race is the richest?

Asian households overall had more wealth than other households two years since the start of the pandemic. In 2021, Asian households had a median net worth of $320,900, compared with $250,400 for White households. The median net worth of Hispanic households ($48,700) and Black households ($27,100) was much less.

Which ethnicity saves the most money?

Savings rate by race and ethnicity

Fifty-one percent of people of color save more than 10% of their income each month, compared to 34% of white Americans. Hispanic/Latino Americans are most likely to save over 10% of their income while white Americans are least likely.

Who is the largest consumer in the United States?

Currently, the largest group is the millennials, who were born between 1981 and 1996. Following them is the baby boomer generation, born between 1946 and 1964.

What race is best with money?

Summary. White households in the United States are far wealthier than black or Hispanic households, a disparity that remains unexplained even after taking into account income and demographic factors.

Wealth: America's other racial divide

What ethnic group has the most millionaires?

More solvent White households typically had $128,400 in 2021, and richer White households were mostly millionaires, with a median net worth of $1.5 million.

What race is the poorest in the United States?

41% Native American or American Indian. 32% Asian. 38% Black or African American.

How much do African Americans spend?

In 2019, consumer expenditures by Black households totaled approximately $835 billion.

What people purchase the most?

1. What is the Most Sold Product in the World? The fashion industry produces the most sold product in the world: clothing and accessories. This trillion-dollar industry has a wide range of products such as shoes, accessories, clothing, jewelry, etc.

What percent of America is White?

As of July 1, 2022, United States Census Bureau estimates that 75.8% of the US population were white alone, while Non-Hispanic whites were 59.3% of the population.

What race is the most populated in the world?

As of January 2024, there were about 5 billion global Internet users, constituting 66% of the world population. The Han Chinese are the world's largest single ethnic group, constituting over 19% of the global population in 2011.

Who is the richest black race?

The richest individual on the Forbes Black Billionaire list— Aliko Dangote of Nigeria, with an estimated wealth around $11.5 billion – made his fortune in this sector. Since 2005, Africa has been the continent with the largest number of Black billionaires.

Who is the richest black person?

According to the 2021 Forbes ranking of the world's billionaires, Nigerian business magnate Aliko Dangote had a net worth of $11.5 billion and was the world's richest black man.

Who is the richest black family in America?

The wealthiest African American, Robert Smith, has an estimated net worth of $5 billion in 2021, almost twice that of Oprah Winfrey and Jay Z, who are the wealthiest Black entertainers.

What do Americans love to buy?

Consumer Staples

These products include beverages, food, household items, and tobacco. Other consumer goods that people buy on a regular basis would be cleaning products, personal hygiene items, and clothing.

What do females buy the most online?

Pharmaceutical products, groceries, and products related to electronics and children are also popular items female shoppers buy online, with between 22% and 25% of them doing so for all of these categories. Items pertaining to leisure, sport, and hobby also rank among the top items women buy online.

What is the most purchased item in the world?

What Is The Most Sold Item In the World? The most sold item in the world is clothing and fashion items. This ranges from women's and men's outfits to children's clothing, shoes, accessories, and more. People love their clothes, and fashion isn't going anywhere!

How many black Americans make over $100000 a year?

Household income

Among Black U.S. households in 2022, 49% earned less than $50,000, while 51% made $50,000 or more. A third of Black households (34%) earned $75,000 or more, including 22% that made $100,000 or more.

What do blacks spend the most money on?

Source: U.S. Bureau of Labor Statistics. For low-income Black households, the top five aggregate expenditure share categories were housing (45.5 percent), total food (23.5 percent), transportation (11.5 percent), healthcare (4.1 percent), and entertainment (3.8 percent).

What is Black buying power?

In recent years, the buying power of the Black community has risen significantly. 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.

Where are poor whites in USA?

In the United States, Poor White is the historical classification for an American sociocultural group, of generally Western and/or Northern European descent, with many being in the Southern United States and Appalachia regions.