Roughly half of Americans are knowledgeable about personal finances
Among U.S. adults who are knowledgeable about personal finances, 49% say they learned a great deal or a fair amount about personal finances from family and friends.
Numbers, Facts and Trends Shaping Your World
Research Associate
Expertise:Global Migration and Demography, Hispanic Trends, Race and Ethnicity
Khadijah Edwards is a research associate focusing on race and ethnicity research at Pew Research Center.
Among U.S. adults who are knowledgeable about personal finances, 49% say they learned a great deal or a fair amount about personal finances from family and friends.
While Black adults define personal and financial success in different ways, most see these measures of success as major sources of pressure in their lives.
Black adults in upper-income families are about twice as likely as those in lower-income families to say they are extremely or very happy.
68% of Black adults in the U.S. say they do not have enough income to lead the kind of life they want, but a majority are optimistic that they will one day.
In an August 2022 survey, 54% of Black adults said they had a very or somewhat negative impression of capitalism, up from 40% in May 2019.
About half of Black adults (52%) say racism in U.S. laws is the bigger problem for Black people, while 43% cite racism by individuals.
Around four-in-ten Black adults in the United States (39%) say Black Lives Matter has done the most to help Black people in recent years.
Abortion has risen as an election issue for Latinos, with a majority saying it should be legal in all or most cases. Meanwhile, 80% say the economy is a very important issue when deciding who to vote for in the upcoming congressional midterm elections, a greater share than any other issue.
Black Americans support significant reforms to or complete overhauls of several U.S. institutions to ensure fair treatment. Yet even as they assess inequality and ideas about progress, many are pessimistic about whether society and institutions will change in ways that would reduce racism.
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