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it is time now for our equity and opportunity series and frank holland joins us this morning with a closer look at the growth in black spending power frank hey good morning to you andrew black spending power docHubed a record 1.6 trillion dollars in 2021 the ability to buy save and invest more than doubling since 2000 that growth exceeding the full us economy but actually lagging other ethnic groups latinos with a 288 increase asians with a 388 increase in spending power however other groups theyamp;#39;ve also seen an increase in their net worth black americans instead have seen their wealth actually fall by 14 and with the s p gaining 27 percent last year the value of u.s homes increasing by 31 last year many black leaders are asking the black community to really rethink how it spends save money to purchase the most important assets youamp;#39;ll probably ever own and thatamp;#39;s your home and that to me is is equally important that i said i i put it right up there with uh arguin
