We read the summary of some serious economics research:
"Using nationally representative data on consumption, we show that Blacks and Hispanics devote larger shares of their expenditure bundles to visible goods (clothing, jewelry, and cars) than do comparable Whites. We demonstrate that these differences exist among virtually all sub-populations, that they are relatively constant over time, and that they are economically large.
Source
The report has however been called "old-fashioned racism". Yes. I guess facts can be racist these days. It may be worth noting that one of the authors of the research report is himself black. Just One Minute has an extended discussion of the matter.
