Money Matters of African Americans

  • Cathy Faulcon Bowen


This chapter highlights studies involving African Americans and money matters. Four themes are covered: money knowledge, wealth, spending choices, and retirement. Albeit slow, as a group African Americans or Blacks are making progress on the journey to financial security. Like the rest of the nation, financial knowledge could be improved. Their participation in the stock market has increased, yet it still trails the participation rates of other racial groups. Their spending power is expected to rise with their increased education level. They are as confident as all American workers about their retirement security although their savings and other preparations could be improved.


Stock Market African American Student White Family Money Management Hispanic Household 


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Copyright information

© Springer Science+Business Media, LLC 2008

Authors and Affiliations

  • Cathy Faulcon Bowen
    • 1
  1. 1.Department of Agricultural and Extension EducationThe Pennsylvania State University, 323 Agricultural AdministrationUniversity ParkUSA

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