Black householders make up 13.6% of all U.S. households but hold only 4.7% of all wealth.
~ census.gov, "Households with a White, Non-Hispanic Householder Were Ten Times Wealthier Than Those with a Black Householder in 2021," April 23, 2024
- Chicagobusiness.com, "Black Financial Advisers Invest Racial Wealth Gap," April 10, 2023
"There is plenty of hope for building Black wealth and it lies within the actions that we take every day. When you choose to increase your financial literacy, or when you decide to invest in yourself or stock, you’re giving yourself the power to determine your future.
… by continuing to educate yourself and those who may very well inherit your assets one day, you’re doing your part in eliminating the wealth gap."
Forbes.com, "5 Methods for Thriving at Building Black Generational Wealth," viewed April 25, 2025
- Synchronybank.com, "Building Generational Black Wealth," February 21, 2023
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Financial Confidence |
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61% |
of Black Americans believe their personal situation will improve in 2025. |
77% |
of Black American workers say their employers should offer services to help address or reduce employee financial stress. |
74% |
of Black American workers viewed their workplace benefits as integral to their financial wellness. |
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Black Americans have had elevated concerns about saving for retirement, being able to support themselves if they can no longer work, or building an emergency savings fund. |
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Despite lower financial optimism in 2025, Black Americans clearly express a strong willingness to seek resources to improve their financial situation. |
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Nearly 8 in 10 employees say they need education on managing their financial future. |
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~ limra.com, "LIMRA Research Shows Black Americans More Confident in Their Household Finances in 2024 Than in 2022," February 13, 2025 |
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