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Many Black Americans are positive about their financial situation and want to help others succeed. That's according to a U.S. Bank report, Building Black Wealth Insights. It highlighted the financial needs, goals and challenges of Black Americans with at least $25,000 in investable assets.
Six in 10 respondents feel better about their current financial situation than they did before the pandemic, compared to half of Hispanic, Asian and Caucasian participants. Nearly 70 percent, far more than other racial groups surveyed, feel a deep sense of responsibility to help their communities financially. They also are more committed to leaving a financial legacy for the next generation.
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