Study Shows Disconnect between African Americans' Attitudes and Actions When It Comes to Personal Financial Planning

A new survey of 1,200 participants commissioned by The Smiley Group and Nationwide Insurance shows 58 percent of African Americans expect their household situation to be better a year from now, compared to only 30 percent of the general population sharing similar optimism. Full Story »

Posted by Dale Penn
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Subjects: U.S.
Topics: Black
Member Tags: black:dupe
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Posted by: Posted by Dale Penn - Feb 26, 2009 - 11:08 AM PST
Edit Lock: This story can be edited
Edited by: Fabrice Florin - Feb 26, 2009 - 12:01 PM PST

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Dale Penn
3.9
by Dale Penn - Feb. 26, 2009

Some may not consider this journalism in the truest sense, but I think it is interesting and relevant to the News Hunt. I would like to know more about how the survey was constructed in order to have more confidence in its accuracy.

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Dwight Rousu
3.2
by Dwight Rousu - Feb. 26, 2009

While snatches of the data are interesting, there seems to be no big coherent conclusions drawn, other than that perhaps African Americans should buy some financial advice.

Nationwide Insurance tried to rip me off when my automobile was totaled, so I would not trust anything they say without independent verification. Perhaps I am not impartial here.

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Mike LaBonte
3.2
by Mike LaBonte - Feb. 26, 2009

Well, it's a press release, so expectations are low. It does present important information, but there appears to be no link to the study. The only viewpoints are the two who cooperated to produce the study.

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Patricia L'Herrou
3.2
by Patricia L'Herrou - Feb. 26, 2009

it's difficult to know how to interpret what this survey shows. i'd like to have seen the questions and how respondents were chosen. are those who are more positive trusting the president's plan more than others? are they thinking their own situation has been worse so this isn't as dire? or other possibilities? it raises more questions than answers, but they are interesting questions to become more knowledgeable about.

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Andy von Salis
3.5
by Andy von Salis - Feb. 27, 2009

The piece is a press release by a newsmaker. Arguably, it is not journalism at all. Conspicuously, it omits all blacks-vs-ooverall comparative data as to the criteria it says are most important: whether people are "practical, proactive and prepared". Instead of comparing races as to planning, advisors and actions, it gives comparatives only as to the respondents' feelings and situation. However, even though it does not seek further information than its own data and does not seek expert assessment of the data at all, the article does attempt to report the information it has. And it certainly is an original source on which many journalists may rely, so in that sense it's just as important to read as journalism.

After reading the article, I suspect that African Americans - even if not "practical, proactive and prepared" - are nevertheless just about as practical, proactive and prepared as the general population. People all talk a good line, and blacks are understandably trusting of the President, but it's a human trait for the actions of everyone - not just one race - to fall short of their circumstances and expectations. I feel bad about this press release, since I do not know what ... More »

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