Financial technology is reshaping who has access to banking, credit, and investment — but the digital financial revolution carries both promise and risk for communities of color. JBI examines algorithmic bias, data privacy, digital assets, and fintech's dual role as a path to inclusion and a vector for new forms of exploitation.
Technology
40%
of Black Gen Z bank primarily with fintech platforms — vs. 22% of White Gen Z
JBI 2050 Survey, 2025
36%
of Black Gen Z trust AI chatbots for financial advice — vs. 21% of White Gen Z
JBI 2050 Survey, 2025
32%
of Black Gen Z consider crypto less risky than stocks — nearly 3× the 11% of White Gen Z
JBI 2050 Survey, 2025
51%
of Black Gen Z used a payday loan app — technology enables high-cost credit at scale
JBI 2050 Survey, 2025
JBI Research & the 2050 Survey
Key Figures
The Viewpoint is the official podcast of the Julian Bond institute for Financial Equity Research at the Center for Responsible Lending. Join us as we discuss economic empowerment, responsible innovation, and a fairer financial landscape, while offering practical takeaways and forward-looking ideas that can shape policy, financial markets, and your everyday financial decisions.
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. The dashboard is optimized for a desktop experience and is not available on a mobile device.
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.
