Report: Blacks Lag In Saving, Investing and Passing Down Assets
Share the post
Share this link via
Or copy link
When it comes to saving for the future, women, African-Americans and Latinos in general had fallen behind before the recession hit.
In a recent survey 54 percent of respondents reported having less than $25,000 in total savings and investments, excluding their home or workplace pension, if any. Some 27 percent said they don’t have even have $1,000.
CNN’s Stephanie Elam reports on building wealth and protecting it in the African-American community.
RELATED TAGS
401k 529 african-americans Black finances financials investments Retirement Savings wealthy-
Win the Ultimate Getaway with the 'Hatta’s Madd Jamaica Vacation' Contest
-
Win a Four Pack of Tickets Plus Hotel Stay at the 2024 French Quarter Fest
-
Win the Ultimate Getaway with the ‘Hatta’s Madd Jamaica Vacation’ Contest
-
Win Tickets to the 3rd Annual Voices of Power Foundation Gala
-
Nominate a Houston Mom for her chance to win $1,000 CASH!
-
Save The Date: Praise in The Park Returns April 27, 2024
-
You Must Ask Your Daughter’s Boyfriend These 10 Questions
-
Win $250 PLUS Tickets to See Maxwell with Special Guest Jazmine Sullivan and October London