By Roy Douglas Malonson
AframNews
https://aframnews.com/
Black America now holds over $1.8 trillion in buying power — more than the GDP of countries like Mexico or Canada. Yet, our neighborhoods still bear the scars of disinvestment. From Houston’s Fifth Ward to Detroit’s East Side, small businesses close faster than they open, and too many dollars that start in our hands end up building someone else’s wealth.
The average Black dollar circulates in our community for less than six hours before it leaves. Compare that to 20 days in Jewish communities or nearly a month in Asian communities. The issue isn’t how much we earn — it’s where we spend. Too often, our money goes to corporations that don’t advertise with Black media, don’t hire Black talent, and don’t reinvest in
our neighborhoods.
Recent events prove how fragile that relationship is. Major corporations have begun quietly rolling back their diversity and inclusion programs, even as they continue to profit from Black consumers. Studies this year show fewer Black executives and reduced supplier con- tracts. Meanwhile, grassroots movements are rising — from social media campaigns like #SpendBlack to collective pledges to boycott retailers who cut DEI funding. Across the country, Black entrepreneurs are calling for support, not sympathy.
If just 10% of that $1.8 trillion were intentionally directed toward Black- owned businesses, banks, and schools, we could create hundreds of thousands of jobs, build wealth, and fund our own media voices. Every purchase we make is a deci- sion about who thrives and who struggles.
The power of the Black dollar isn’t potential — it’s proven. But until it stays longer in our communities, the cycle of economic dependence continues. The next civil rights movement won’t be fought only in courtrooms or at the ballot box — it’ll be decided by where we spend our money.
