African-American

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Conspicuous Spending: Fading to Black

Posted April 29, 2009 - 22:07 by Jabulani Leffall

Personal Finance, Consumer Affairs

In the black community and many other communities there is a sense that material possession and flair denotes character, accomplishment and power. It's a poor dad mentality and a “flash-now-but-time-will reveal” consumer ethos. What does a person's ethnic background, if anything say about spending and budgeting habits? And how does one correct this course?

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