Fewer than half of Black adults say they could use savings to cover expenses for 3 months if they lost their income | Pew Research Center

January 31, 2024

2. How Black Americans view financial success

Fewer than half of Black adults say they could use savings to cover expenses for 3 months if they lost their income

Fewer than half of Black adults say they could use savings to cover expenses for 3 months if they lost their income

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Fewer than half of Black adults say they could use savings to cover expenses for 3 months if they lost their income

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2. How Black Americans view financial success
Most Black adults say being debt-free and having enough money are essential to their definition of financial success
Black adults with more education, income feel more prepared for a sudden loss of income
Fewer than half of Black adults say they could use savings to cover expenses for 3 months if they lost their income
Bills, debt and saving for retirement are the top three economic worries Black adults experience on a daily or near daily basis
More than half of Black adults experience at least one economic worry on a daily or near daily basis
Most Black adults say their personal financial situation is only fair or poor
Being debt-free and having enough money to do things they want to do are essential to Black Americans’ definition of financial success