An overwhelming share of Black Americans think the U.S. economic system is stacked against them and a slim majority believe the problem of racism will worsen during their lives, according to a Washington Post-Ipsos poll.
The rise in some optimism comes amid an uptick in financial well-being. The poll finds 31 percent of Black Americans say their financial situation has gotten better over the past year, up from 25 percent in 2022. Nearly 8 in 10 Black Americans say their finances have been stable or improved in recent years. Still, Black Americans are less likely than White Americans to rate their finances positively.
Asked about the April shooting of a Black 16-year-old in Kansas City by an 84-year-old White man after the victim approached Jerry Slaten, 75, of Union City, Tenn., said he fears the United States is sliding backward in race relations compared with gains in the 1970s, 1980s and 1990s. Slaten said he On economic matters, Black Americans offer a mixed, and nuanced, outlook about the state of the country and their personal finances. Although 74 percent of Black Americans describe the nation’s economy as “not so good” or “poor,” a smaller 43 percent describe their own financial situation that way.
“In previous eras, lack of opportunities, lack of equality, were substantial, and you literally had a ceiling where you could go and what you could do or who you could even be,” he said. “And while America is not equal by any stretch of the imagination, today a lot of those barriers have been removed.”Yet despite his optimism about economic opportunities for himself and his seven children, Lowe worries that the United States won’t make strides to combat racism over the course of his life.
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