You’ve probably heard about the wealth gap and generational wealth, but here’s a number for you: There’s a $200 billion annual gap between Black and white recipients of inheritances, according…
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Black Investors Financial Goals and Resources in 2021
Have above-average expectation for retirement income with own business
Have typical money goals, like saving for retirement, paying off debt
WASHINGTON, D.C. According to the latest Wells Fargo/Gallup investor survey, Black investors have similar financial goals as U.S. investors generally and are just as optimistic about saving for retirement, while differing in the following ways:
Having lower risk tolerance when it comes to investing
Putting greater emphasis on entrepreneurship and pensions for retirement income while putting less emphasis on inherited money
Giving more frequent financial support to friends and family
Survey Finds Decline In Investor Optimism - InsuranceNewsNet insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.