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The Multicultural Economy
The amount of disposable income available to minority households grew by leaps and bounds during the decade of the ‘90s, and the trend is likely to continue over the next five years, according to a report released today by the University of Georgia’s Terry College of Business and the Selig Center for Economic Growth.
The report shows substantial gains in after-tax income among African Americans, Hispanics, Asians and Native Americans, thanks to fundamentally strong national and regional economies that benefited most U.S. consumers between 1990 and 2002.
It also forecasts continued rapid growth in total buying power over the next five years for the nation’s major racial and ethnic groups, thanks to both favorable demographics and better employment opportunities.
 Full Story
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| For more information |
• The Selig Center
• University of Georgia's Terry College of Business
Members of the media may contact Kim Carlyle at 706-583-0913 for help or more information.
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| Photos: Available for downloading |
Dr. Jeffrey M. Humphreys
Director, Economic Forecasting
Selig Center for Economic Growth
Terry College of Business
The University of Georgia
Athens, GA 30602
(706) 425-2962
Jeff Humphreys is Director of the Simon S. Selig Center for Economic Growth in the Terry College of Business at the University of Georgia. He has held a faculty appointment as the college’s director of economic forecasting since 1989. Humphreys has published over 200 applied and academic studies regarding economic forecasting, marketing research, transportation, and economic development. In Georgia, Dr. Humphreys is best known for his annual economic forecasts, but nationally prominent for his detailed estimates of the spending power of African Americans, Hispanics, Asian Americans and Native Americans.
"The Multicultural Economy: Minority Buying Power in the New Century" is the latest in a series of studies on minority buying power Humphreys has been conducting since 1990. Initially limited just to African Americans, he gradually expanded the series to include the nation’s four most populous minority groups.
In addition to the Selig Center’s annual Georgia "Economic Outlook" forecast, Humphreys also produces studies commissioned by state agencies and the private sector. Humphreys conducted the official economic impact studies for the 1996 Summer Olympic Games and the 1994 Super Bowl in Atlanta. His bimonthly column, "The State of the Economy," is published in Georgia Trend magazine.
Humphreys is an active member of the National Association for Business Economics, the American Marketing Association, the Urban Land Institute, the National Retail Federation, and the Georgia Economic Developers Association.
About the Selig Center
The Simon S. Selig Jr. Center for Economic Growth is an endowed economic forecasting and marketing research center headquartered at the Terry College of Business at the University of Georgia. It was established in 1990 in memory of Atlanta entrepreneur Simon S. Selig Jr., a 1935 UGA graduate, by his son, Steve Selig, and daughter, Cathy Selig, both of Atlanta.
The Selig Center serves the state by issuing economic forecasts, conducting applied economic research, and publishing research findings and economic statistics. It is a respected and trusted source of information for national, regional, state and local media. The center also provides information to business leaders, government agencies, and the general public, serving as an economic and financial advisor to many public and private organizations. The Selig Center is also an official cooperating agency with the U.S. Bureau of Economic Analysis and the Construction Statistics Division, U.S. Bureau of the Census.
Simon S. Selig Jr. (1913-1986) was one of the University of Georgia’s most distinguished and accomplished alumni. He served as president of Selig Chemical Industries Inc from 1940 to 1968 and as chairman of the board of Selig Enterprises, Inc. from 1968 to 1986. He is remembered as a devoted family man, a prominent businessman, a major benefactor of the arts and education, and a dedicated alumnus of the University of Georgia.
For more information: www.selig.uga.edu
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| Graphics: Available for downloading |
All graphics are created in Illustrator 9.0, saved in .eps and can be edited. Click on the link to download. Please attribute the graphic to UGA News Service and its source to Terry College of Business at The University of Georgia / Selig Center for Economic Growth; U.S. Census Bureau
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National Minority Buying Power sig .ill9
• Sig 1Cx.6875.eps
• Sig 1Cx.6875.pdf
posted Jul/11/2002
8:00 AM
Illustrator 9.0 EPS
2.8 MB
UGA News Service
1Cx 11/16"
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National Minority Buying Power chart. ill9
Chart includes national averages, top ten states for each minority buying group, population projections, overall buying power, average household budgets, growth in buying power statistics.
• Natl MBP.eps: This chart includes a placed image (penny.eps) which must be downloaded also.
• Natl MBP.pdf
• enlarged view 
posted Jul/11/2002
8:00 AM
Illustrator 9.0 EPS
2.8 MB
UGA News Service
3C x 12"
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Georgia Minority Buying Power .ill9
Chart includes top ten Georgia counties for each minority buying group
• Georgia Minority Power - top ten counties.eps
• Georgia Minority Power - top ten counties.pdf
• enlarged view
posted Jul/11/2002
8:00 AM
Illustrator 9.0 EPS
2.8 MB
UGA News Service
2C x 13.35"
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• How Georgia stacks up.eps
• How Georgia stacks up.pdf
posted Jul/11/2002
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Illustrator 9.0 EPS
233 KB
UGA News Service
1C x 6.75"
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• How Florida stacks up.eps
• How Florida stacks up.pdf
posted Jul/11/2002
8:00 AM
Illustrator 9.0 EPS
193.8 KB
UGA News Service
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Minority Buying Power
in the New Century
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The Selig Center’s most-requested data series, which focuses on the disposable personal income of residents of a specified geographic area, will be released in a limited-edition package.
Developed by Selig Center director Jeff Humphreys, the time series for 1990-2002, and the projections for 2003 through 2007, are essential to business analysts, marketing specialists, product developers, advertisers, and researchers. Data will be available for the U.S. and all fifty states; and Georgia and Florida data will be delineated by county.
The series features buying power data for major races and ethnic groups, including Whites, African-Americans,Hispanics, Asians, and Native Americans. Order today.
SPECIAL HIGHLIGHT:
Data by expenditure category
for selected years for the total
population, African Americans,
and Hispanics.
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| To Order |
TO ORDER THE $100 PACKAGE (DATA BOOK & CD) CALL 706-542-4085 OR VISIT WWW.SELIG.UGA.EDU
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