The numbers aren't too far apart, but saving for emergencies isa high priority to more middle-class African Americans than itis to the rest of the middle class, according to a new surveyfrom Limra.
Seventy-four percent of the African Americans Limrasurveyed consider “saving for an emergency fund” mostimportant compared to 62 percent of the middle market as awhole.
Along the same lines, according to an HSBC study releasedthis week, 81 of Americans say paying down their debts andsaving for education and rainy-day funds take precedence.
Limra, meanwhile, said it was able to identify an investmentvehicle that appears especially popular among the blackmiddle-class.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
