Aug 23, · The investment in education seems to be a unifying theme across Asian American consumer groups. Asian Americans are also the wealthiest segment of the U.S. population on a per-household basis. With a household median income of $74,, the median Asian American household income is 38% greater than the national median income of $53,
The buying power of Asian-American consumers has grown the fastest of all ethnic groups since , reaching $ billion in , and projected to be $ trillion by Asian-American consumers are expanding their influence and voicing their preferences as .
Black consumers account for a disproportionate amount of product sales in a number of fast-moving consumer goods categories. Again, with $ trillion in spending power, African-American consumers are an important population for smart brands that want to grow market share and brand preference.