Credit

This tool provides an interactive way to explore the data of JBI's 2050 Survey. Click a topic on the left to jump to that section, or a survey question on the right to view its related data. Once you are within a section, click on the 'Home' icon to return to the main menu.

Our survey confirms that Black Millennials are more optimistic about their households’ financial future than their White contemporaries (46% vs. 31%), despite earning less, having less savings, and receiving far less family financial support. This finding is consistent with a well-documented pattern in research on the financial psychology of the Black community: one that finds a propensity toward optimism in the face of structural adversity and an upward-mobility framework that measures progress against one’s own starting point rather than the progress of peers from other races.

Over 50% of Black Gen Z used a payday loan app or buy-now-pay-later product in the past year - vs. 11% and 28% of White Gen Z. This exposure did not start in adulthood. Black and Latino respondents are far more likely to have grown up in households where high-cost products were used by their parents.