San Francisco, California, USA. (SANEPR.com) September 3, 2007 -- More than 1 million African-American households earned more than $100,000 last year, according to the latest edition of blackmoney.com, the online daily business newspaper, which cites new 2006 data from the U.S. Census Bureau's American Community Survey.Two-thirds of those affluent households are concentrated in just eight of the 50 states -- New York, Maryland, California, Texas, Georgia, Virginia, Florida and New Jersey, according to executive editor John William Templeton.
blackmoney.com's special report on black income also analyzed 2006 income data for the three states most affected by Hurricane Katrina to note no significant impact on African-American households in Louisiana, Mississippi or Alabama from the $125 billion in hurricane recovery spending, additional evidence that funds are not reaching the families which need them. In 2006, 43 percent of the black households in the three states had income below $20,000.
contact J.W. Templeton 415-240-3537 executiveeditor@blackmoney.com
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