Cash In The Inner City

A recent study reveals the market potential of middle-income households in the nation's inner cities.

1 minute read

January 14, 2005, 2:00 PM PST

By Abhijeet Chavan @http://twitter.com/legalaidtech

The Initiative for a Competitive Inner City (www.icic.org) recently completed a comprehensive analysis of census data on inner city economies.

"The biggest finding of the study is a bombshell. Because so many people live in them, inner city neighborhoods in the U.S. have eight times more spending power than the neighborhoods that surround them. What's more, the study found that 38 percent of inner-city households aren't low-income at all but moderate to middle income. That means they earn between $20,000 to $50,000 a year."

Thanks to Rebecca Ross

FULL STORY: Retailers shop for profit in inner cities

Friday, January 14, 2005 in MSNBC

Community / Economic Development United States

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