8/7/2015 – African Americans Continue to Grow in Affluence (Plan Adviser)

Aug 07, 2015 Comments Off by

African Americans demonstrate continued optimism when it comes to finances, due to growing affluence, Prudential Financial found in its biannual “African American Financial Experience” report. However, many are not taking advantage of financial and investment tools, which may hinder long-term wealth accumulation.

Two increasingly prevalent financial priorities for African Americans are maintaining their lifestyle in retirement and not becoming a financial burden to others, Prudential says.

“This study paints a picture of an increasingly financially savvy and affluent African American community,” says Mammen Verghis, vice president, multicultural marketing for Prudential. “We are seeing a group that is financially confident, focused on service and open to receive assistance from professionals who can help them move closer to financial security.”

 

Read the full article in Plan Adviser. 

Financial Landing 2015

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