More Blacks Have Cut Savings: Survey
(Sun Times) — Middle-class blacks are more likely than whites to have reduced their saving and investing to make it through the recession, according to the 2010 Ariel Black Investor Survey released today. It found that nearly half of all blacks, compared with 31 percent of whites with household incomes of at least $50,000, dipped into savings to make ends meet in the last two years.
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