The Financial Needs And Attitudes Of Women Of Color

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The Financial Needs and Attitudes ofWomen of ColorInsights from a Landmark Study by The State Farm Center for Womenand Financial Services at The American College of Financial ServicesDecember 3, 2012Lisa SchneiderMary Quist-Newins, CFP , CLU , ChFC Research Director,Mathew Greenwald & AssociatesDirector, State Farm Center for Women and Financial ServicesAssistant Professor of Women’s Studies, The American College of Financial ServicesDownload an electronic copy of this report at .

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verall,three- ywomenofallracialorethnicbackgrounds. lingwithdebtahighpriority. iorityishigh,evenamongthosewithincomesof 75,000ormore(85percent). hfinancialpriority. cent)toplaceanemphasisonretirementsavings. ofatleast tvs.58percentwithlowerincomes). rement. ingforanemergencyandgrowingtheircashreserves. othemandtheirfamilyisapriority. tyforthem,drivenlargelybythosewithincomesof 45,000to s55andolder(77percent). sReservedPage9

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%90%80%70%60%50%40%30%20%10%0% 45,000- ‐ 55,000- ‐ 65,000- ‐ 75,000- ‐ 80,000- ‐ 100,000- ‐ 150,000 54,999 64,999 74,999 79,999 99,999 149,999 litytomitigate.Forty- caraccident(aboutoneinfourforeachoftheserisks). sufferingadisablinginjuryorillness. entheyareolder. sReservedPage14

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Director, State Farm Center for Women and Financial Services Assistant Professor of Women’s Studies, The American College of Financial Services The Financial Needs and Attitudes of Women of Color Insights from a Landmark Study by The State Farm Center for Women and Financial Services at The American College of Financial Services December .

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