Black Americans are committed to building intergenerational wealth. Black Americans are highly committed to leaving a legacy to future generations, found a recent U.S. Bank survey of 4,024 Black, white, and Latino respondents. Black people are also concerned about giving back. According to the data, 69 percent of African-Americans feel a responsibility to financially help their communities. That’s the highest of all the racial groups in the survey.
Affluent Black Americans want to pass on wealth to future generations through tangible assets like real estate and cash savings accounts.
