The Long History of the Spending Habits of Black People?

Many experts say the lingering effects of being treated as a second-class citizen in America for decades is still having a lasting impact on Black individuals today. What does this look like? It involves spending more than you're saving, focusing on name brands to attain a sense of importance instead of building generational wealth. Some argue that the marketing tactics used on Black people in 1954 are still effective today. Do you agree?