Race And Conspicuous Consumption

forbes.com — Blacks and Hispanics spend up to 30% more than whites of comparable income on visible goods like clothing, cars and jewelry. This means that, compared to white households of similar income, the typical black and Hispanic household spends $2,300 more per year on visible items. To do that, they spend less on essentials and save less. May 24, 2008 View in Crawl 4