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PURCHASING POWER PROFILE OF MILWAUKEE ZIP CODE 53209 PREPARED FOR THE CITY OF MILWAUKEE DEPARTMENT OF CITY DEVELOPMENT BY THE EMPLOYMENT AND TRAINING INSTITUTE, SCHOOL OF CONTINUING EDUCATION, UNIVERSITY
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The purchasing power profile refers to the detailed information and analysis of the purchasing power of a specific individual, group, or population.
The filing of a purchasing power profile is typically mandated for businesses, government agencies, or organizations that collect and analyze consumer data for economic research, market analysis, or policymaking purposes.
To fill out a purchasing power profile, relevant data and information related to individual or household income, expenditures, savings, debt, assets, and demographic factors are collected and analyzed. This can be done through surveys, data collection methods, or analysis of available economic data sources.
The purpose of a purchasing power profile is to provide insights into the economic capabilities, spending habits, and financial status of individuals, households, or target populations. It helps in understanding the purchasing power dynamics, economic disparities, and consumer behavior patterns.
The information reported on a purchasing power profile typically includes data on income levels, average expenses, purchasing habits, savings patterns, debt-to-income ratios, and demographic information such as age, gender, location, and occupation.
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