Foolishly Spending our Money

Why do Blacks squander so much of their money? Do Blacks need to change their values?
Key Points:

Black American buying power is at 1.1 Trillion; and yet only 2 cents of every dollar blacks spend in this country goes to black-owned businesses.
Blacks on the average are six times more likely than Whites to buy a Mercedes, and the average income of a Black who buys a Jaguar is about one-third less than that of a White purchaser of the luxury vehicle.
A 2013 study revealed that Black churches have collected more than $420 billion in tithes and donations nationwide since 1980, an average of $252 million a week.

"When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear." Thomas Sowell