NPR, the Robert Wood Johnson Foundation and the Harvard School of Public Health recently polled 1,081 African-Americans about their lives. One of the areas respondents were asked about was their perceptions of their financial status.
As Code Switch's Gene Demby reported in an earlier post, the effects of the housing crisis and a recession — both of which disproportionately affected African-Americans — didn't seem to dampen a sense of optimism and overall life satisfaction among respondents. But the survey did reveal a dramatic — if not exactly surprising — split between two evenly divided groups of respondents: 49 percent who saw their financial situations as "excellent" or "good," and 50 percent who described their finances as "poor" or "not good."
This finding mirrors attitudes of African-American respondents to a 2001 survey by the Washington Post, the Kaiser Family Foundation and Harvard University. Then, the stats were similar: 49 percent polled saw their financial situations as "excellent" or "good," and 51 percent considered them "poor" or "not so good."
Robert Blendon, a professor of public health at Harvard and one of the 2013 study's co-directors, told NPR's Kathy Lohr that many African-Americans who don't consider themselves well-situated financially still have a sense of optimism. A combined 81 percent of respondents said they would one day attain the American dream — owning their own home, gaining financial security — or already had. Only 16 percent said they felt the dream was out of reach.