Portrait of The Black Economy 2006

    Black American Population:
    Total= 38.3 million (12.7% of U.S.) 
    Under age 18= 30% (11.4 million) 
    Ages 18-24= 11% (4.4 million)
    Ages 25-44= 29% (11.1 million)
    Ages 45-64= 22% (8.3 million) 
    Ages 65 or older= 8% (3.1 million)

    Black American Income & Wealth:
    Black American total Disposable (After tax) Income= $790 billion
    Median Black Family Income= $32,000 (Latinos=$36,000) (Whites= $52,000)
    Median Black Family Net Worth= $20,400 (Whites= $140,700) (Latinos= $27,100)
    Percentage of Black Americans who own a home= 50% (Whites=75%)
    Percentage of Black Americans in Poverty= 25% (Latinos= 22%) (Whites= 8.2%)
    Percentage of Black Americans without health insurance= 20% (Latinos= 32%)
    Percentage of Black Americans without a bank account= 30% (Latinos= 34%)

    Black American Education & Incarceration: 
    Blacks age 25 or older who have a High School Diploma= 80%  (Latinos= 60%)
    Blacks age 25 or older who have Bachelor's Degree= 17% (Latinos= 12%)
    Blacks age 25 or older who have Professional Degrees (MBA,JD,M.D.,Ph.D)= 4.75%
    Black American High School Dropout Rate= 25%
    Black males sentenced to more than one year in prison= 534,200 (Latinos= 290,500)
    Black females sentenced to more than one year in prison= 28,600 (Latinos= 17,500)

   Black American Businesses & Occupations: 
    Black owned businesses= 1.1 million (Latinos= 1.5 million) (Asians= 1.0 million)
    Black owned businesses with $1 million in annual revenue= 11,000 (Latinos= 30,000)
    Black owned businesses with 100 or more employees= 1,000
    Black Managers= 945,438
    Black physicians and surgeons= 44,876 
    Black College Professors= 79,998
    Black Lawyers= 48,250
    Black Chief Executives= 52,359 
    Black American Unemployment Rate= 8% (U.S. Avg= 4.5%)
    Black American Self-Employment Rate= 5% (Latinos= 7%), (Whites= 11%) 

    Sources: U.S. Census Bureau, U.S. Federal Reserve, National Urban League,
    Target Market News, Small Business Administration, U.S. Dept of Justice, 
    Economic Policy Institute, Bureau of Labor Statistics

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