Black, Beautiful & Ignored

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In an effort to delve deeper into black women's spending habits and their experience when it comes to purchasing cosmetics and other beauty products, Essence Magazine has created a four-part Smart Beauty Panel. For their inaugural panel in 2009, they invited Sam Fine, celebrity makeup artist, Mikki Taylor, Essence's beauty and cover editor , Rosemarie Ingleton and Candace Corlet, president of WSL Strategic Research to put together their thoughts and findings. The panel discussed some very disturbing statistics: African-American women spend $7.5 billion annually on beauty products, but shell out 80 percent more money on cosmetics and twice as much on skin care products than...