African Americans and white Americans differ in the type and magnitude of their asset holdings. Perhaps as a result of these differences, the two groups also have differing perspectives on and responses to the 2008-2009 economic downturn. Similarities of perspective exist between the groups as well. For example, both African Americans and whites report similar levels of confidence in the nation’s financial institutions and sector.
These findings are from a survey of 850 African Americans and 850 members of the general U.S. population (including 721 white Americans) that was conducted for the Joint Center for Political and Economic Studies by Research America between May 21 and June 9, 2009. The Joint Center for Political and Economic Studies National Opinion Poll about Social Security, Retirement Savings, and the Economic Downturn found many striking differences between African Americans and whites on these topics.
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