Prince Kunle and Princess Keisha Omilana and son Diran

If you take a look at the fashion section of the New York Times, or the society pages of almost any newspaper or blog, and you’re likely to see a lot of old money.  Emphasis on “old”.  Where are all the young, affluent people?  Especially young, affluent, ethnic consumers?  We know they’re out there.  The purchasing power of African American individuals in the U.S. earning at least $75,000 individually is estimated at $87.3 billion alone! African American households with incomes of $200,000 have a median household income of $246,000.

These consumers, philanthropists and business people are out there giving and attending functions and participating in society as much as any Rockefeller, Astor or Vanderbilt. It’s time to start recognizing and acknowledging the changing landscape of our society on all levels, right on up to the top. Media outlets need to realize that one day the “old money” crowd will be the “dead money” crowd, and then what?

Check out Michael Henry Adams recent article for the Huffington Post.

For more FREE insight:

• Sign up to receive our free monthly eNewsletter, the Royaltons Report.
• Join our LinkedIn Luxury Brand Executives Diversity Marketing Group.
• Follow us on Twitter.
• Contact us for a free 30 minute consultation.

You can also buy our Strategic Insights Papers.