What Do Blacks Think About Their Financial Security?
African-Americans' chief concern is paying bills.
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African-American Views on Financial Stability - African-Americans have some profound feelings about their financial security, their economic future and their financial prospects for retirement, according to a wide-ranging survey by Wells Fargo. Among the findings is the higher confidence African-Americans feel about their financial future compared with the national average. — Jonathan P. Hicks(Photo: GettyImages)
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Confidence in Financial Future - Three of every five African-Americans say they have confidence in their own financial future compared with slightly more than half of the general population of the United States.(Photo: Hal Bergman/Getty Images)
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Paying the Monthly Bills - More than a third — 36 percent — of non-retired African-American investors surveyed said that their biggest financial concern is paying their monthly bills; saving for retirement ranks second at 22 percent, followed by health care costs at 15 percent.(Photo: Tetra Images/Getty Images)
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Retirement Saving Plans - The percentage of non-retired African-Americans with retirement savings plans in place is roughly equal to that of the overall American population, at 40 percent and 42 percent, respectively.(Photo: OJO Images/Getty Images)
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Financial Comfort - Compared to the overall population, African-American investors are less likely to consider themselves financially comfortable, with 38 percent saying they are doing well compared with 51 percent of the general population.(Photo: moodboard/Getty Images)