Tuesday, December 04, 2007

Urban Hustler

The 'Urban Hustler,' a 20MM Consumer Group, Spends $90B a Year


Termed a new brand of consumer and accounting for 19.6 million of the highly
coveted 12-34-year-old demographic, the "urban hustler" is responsible for
nearly one-third of spending across critical influencer categories,
according to a new study by Alloy Access.

The study from the multicultural and urban marketing division of Alloy Media
+ Marketing offers data on the spending power and influence of what it terms
"an emerging and powerful consumer market," particularly in the
entertainment, fashion and technology categories.

As much a mindset as a geographical designation, Urban Hustler refers to
those "closely connected to hip-hop, ethnically diverse with aspirations to
succeed and a shared set of passions," according to Alloy:

Nearly four in ten (39%) live in suburban areas and a similar amount (39%)
are white.
They moreover believe in their own influence - almost three-quarters (73%)
non-urban consumers each month.
One-fifth of the $90 billion spent goes toward clothing, shoes and
accessories, with annual numbers totaling $17.4 billion.
They spend 2.5 times more each month on sneakers than non-urban consumers:
close to $6 billion per year on the latest "kicks."
Two-thirds of Urban Hustlers spend at least some money on fashion items like
clothing and accessories monthly, and almost 40% - vs. only 17% of non-urban
consumers - spend money on sneakers each month.
More than half (54%) own a laptop, higher than the overall market. In
addition, Urban Hustlers are more likely than non-urban consumer to use cell
phones frequently.
They spend close to $9 billion yearly, or one-tenth of their total annual
spending, on recreational activities.
Though personalities like Jennifer Lopez, Oprah Winfrey and Jay Z top their
list as those they'd most want to be like, most (22%) aspire to be like Bill
Gates, who easily beat out P Diddy (6%).
About the study: The survey was conducted online within the United States by
Harris Interactive on behalf of Alloy Access between February 22 and March
5, 2007, among 1,386 children and adults (ages 12-34), of whom 478 were
between the ages of 12 and 17, and 908 were between the ages of 18 and 34.
Respondents were given an Urban Hustler score based on their responses to
select attributes.

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1 comment:

Nixon said...

They forgot to mention the chinese hustler!!! Keeps as much as the profits, by getting the cheapest of the most expensive tings around!! BRAP BRAP!!