Money matters of african americans

Cathy Faulcon Bowen

Research output: Chapter in Book/Report/Conference proceedingChapter

3 Scopus citations


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.

Original languageEnglish (US)
Title of host publicationHandbook of Consumer Finance Research
PublisherSpringer New York
Number of pages16
ISBN (Print)9780387757339
StatePublished - 2008

All Science Journal Classification (ASJC) codes

  • General Psychology


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