Friday, June 24, 2011

Prudential on the African American Financial Experience

Prudential has a new study out looking at the "African American Financial Experience." The whole study is worth a look.

Some things that jumped out:
  • African American ownership of IRAs is significantly lower than the general population 35 percent to 52 percent.
  • 58 percent don't know or can't find an advisory they trust.
  • Yet almost half admit they need help.
The survey is the latest in a long line of research that supports efforts to expand the population of qualified financial experts throughout all communities.