My alma mater, the good ol' University of Georgia, has put out a new study on minority buying power in the state. Turns out minorities in Georgia are not stuck in one of John Edwards' "two Americas," working hard but never getting a taste of a better life.
The report measures buying power, or a person's total income available to spend on goods and services after taxes, and shows a more than doubling of that money among the state's blacks, Hispanics, Asians and American Indians since the center first began looking at the information in 1990.
In the Athens metro area, the buying power for blacks has increased 145 percent since the study started, reaching $543 million this year. The Hispanic community in the area has seen its disposable income skyrocket by 720 percent to $168 million.
Turns out, they're living in what I like to call the "real America," where,
The overall expansion during the years has influenced the growth in minority buying power, said Jeff Humphreys, director of the Selig Center.
"That's also created opportunity for those who didn't have, for example, inherited wealth, that weren't already part of the haves," he said. "Some of it is just closing the gap as far as per capita income."
Read the study here.