The African-American and Hispanic Markets: Wealth, Banking, and Payment Trends

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $6,200	117 Pages	Packaged Facts	December, 2018	LA15840387

Best Price Guarantee
Price	from $6,200
Length	117 Pages
Publisher	Packaged Facts
Published Date	December, 2018
SKU	LA15840387

The Financial Services Market: African Americans and Hispanics

Special offer: now 20% off original full report price

The Financial Services Market: African Americans and Hispanics drills down into this population of multicultural consumers, examining household finances by demographic; analyzing net worth, asset, and debt trends; highlighting banking relationships and attitudes toward money management, financial institutions, and discrimination; and researching payment preferences and mobile banking, app, and wallet use. Heavy emphasis is placed on market sizing. Examples include total household wealth by various race/ethnicity demographic segments; the dollar value of payments made by various payment instruments; and active credit card wallet share of revolvers and transactors, by race/ethnicity. As such, the report provides an important marketing tool that can be used to target populations across a wide variety of financial services and products.

Executive Summary
- Report Scope
- Report Summary
  - Attitudes Toward Money Management, Financial Institutions, and Discrimination
  - Wealth Trends
  - Asset and Debt Trends
  - Banking Relationships
  - Mobile Banking, Wallets, and Apps
  - Payment Choices
  - Credit Card User Wallet Share and Net Worth
Attitudes Toward Money Management, Financial Institutions, and Discrimination
- Attitudes Toward Money Management, Financial Risk, and Financial Institutions
  - All Adult Consumers
    - Table Attitudes Toward Money Management, Financial Risk, and Financial Institutions: All Adults, 2009-2018
  - African American Consumers
    - Table Attitudes Toward Money Management, Financial Risk, and Financial Institutions: All Adults vs. African American Adults, 2009-2018
    - Table Attitudes Toward Money Management, Financial Risk, and Financial Institutions: African American Adults by Age and Household Income, 2018
  - Hispanic Consumers
    - Table Attitudes Toward Money Management, Financial Risk, and Financial Institutions: All Adults vs. Hispanic Adults, 2009-2018
    - Table Attitudes Toward Money Management, Financial Risk, and Financial Institutions: Hispanic Adults by Preferred Spoken Language, 2018
- Perceptions of Discrimination
  - All Adult Consumers
  - African American Consumers
  - Hispanic Consumers
    - Table Perceptions of Discrimination During Recent Contact with Financial Institutions by Race/Ethnicity, Age, and Household Income, 2018
Wealth Trends
- Net Worth Forecast
  - Table Total and Average U.S. Household Net Worth by Race/Ethnicity, 2010 vs. 2019
  - Table Total U.S. Household Net Worth and Net Worth Share by Race/Ethnicity, 2010 vs. 2019
  - 2010 vs. 2019 Comparisons, by Race/Ethnicity and Net Worth Segment
    - Table U.S. White Household Net Worth: Total, Average, and HH Share, by Net Worth Segment, 2010 vs. 2019
    - Table U.S. African American Household Net Worth: Total, Average, and HH Share, by Net Worth Segment, 2010 vs. 2019
    - Table U.S. Hispanic Household Net Worth: Total, Average, and HH Share, by Net Worth Segment, 2010 vs. 2019
- Net Worth Trends: Federal Reserve Survey of Consumer Finances
  - Introduction
  - Total U.S. Household Net Worth Market Size
    - Table Total U.S. Household Net Worth by Race/Ethnicity ($bil), 2013 vs. 2016
  - Median and Average Net Worth Trends
    - Table Mean and Median HH Household Net Worth by Race/Ethnicity (2016 $), 2013 vs. 2016
  - Wealth Distribution
    - Table Mean and Median Household Net Worth by Percentile Segment and Race/Ethnicity ($), 2016
  - Assets and Debt Snapshot
    - Table Household Financial Profile by Race/Ethnicity ($), 2016
- Net Worth Trends: Diary of Consumer Payment Choice
  - Introduction
  - All Adult Consumers
  - African American Consumers
  - Hispanic Consumers
    - Table Total Net Worth, Net Non-Home Assets, Net Home Value, and Checking Account Balance by Race/Ethnicity ($bil), 2017
- Net Worth Segmentation Trends
  - Introduction
  - African American Household Net Worth Trends
    - Table African American Net Worth: Number and Share of Households by Net Worth Segment, 2001-2016
    - Table Average African American Household Net Worth by Segment and Total Net Worth (2016 $1,000s), 2001-2016
  - Hispanic Household Net Worth Trends
    - Table Hispanic Net Worth: Number and Share of Households by Net Worth Segment (2016 $), 2001-2016
    - Table Average Hispanic Household Net Worth by Segment and Total Net Worth (2016 $), 2001-2016
  - African American and Hispanic Net Worth: Affluent Households
    - Table Total, Average, and Median Net Worth: All Households vs. Affluent Households by Race/Ethnicity, 2016
    - Table Affluent Share of Households and Total Net Worth by Race/Ethnicity ($tril), 2016
  - African American and Hispanic Net Worth: Generations
    - Table Total, Average, and Median Household Net Worth by Generation, 2016
    - Table Total, Average, and Median Household Net Worth: Millennials by Race/Ethnicity, 2016
    - Table Total, Average, and Median Household Net Worth: Generation X by Race/Ethnicity, 2016
    - Table Total, Average, and Median Household Net Worth: Baby Boomers by Race/Ethnicity, 2016
    - Table Total, Average, and Median Household Net Worth: Silent Generation by Race/Ethnicity, 2016
Asset and Debt Trends
- Assets and Debt
  - African American Households
  - Hispanic Households
    - Table Average Household Assets and Debt by Type and Race/Ethnicity (2016 $1,000s), 2013 vs. 2016
- Homeownership
  - Table Homeownership: Ownership Rate, Net Value, Value, and Debt by Race/Ethnicity (2016 $1,000s), 2016
  - Table Total, Average, and Median Household Net Worth: Homeowners vs. Non-homeowners by Race/Ethnicity, 2016
- Banking/Investment Account Ownership
  - Table Banking/Investment Account Ownership by Account Value and Race/Ethnicity, 2018
  - African American Consumers
    - Table Banking/Investment Account Ownership: African American Adults by Account Value and Generation (mil), 2018
    - Table Banking/Investment Account Ownership: African American Adults by Account Value and Household Income (mil), 2018
  - Hispanic Consumers
    - Table Banking/Investment Account Ownership: Hispanic Adults by Account Value and Generation (mil), 2018
    - Table Banking/Investment Account Ownership: Hispanic Adults by Account Value and Household Income (mil), 2018
- Stocks and Liquid Assets
  - Liquid Assets
    - Table Liquid Assets: Households That Own, Participation Rate, and Average Assets by Race/Ethnicity (2016 $), 2007 vs. 2016
  - Stocks
    - Table Directly Held Stocks: Households That Own, Participation Rate, and Average Assets by Race/Ethnicity (2016 $), 2007 vs. 2016
Banking Relationships
- National Bank, Credit Union, Local Bank, and Internet Bank Usage
  - All Consumers
  - African American Consumers
  - Hispanic Consumers
    - Table Bank Usage, by Bank Type and Race/Ethnicity (mil), 2018
  - African American Consumers: Demographic Analysis
    - Table African American Bank Usage by Bank Type and Household Income, 2018
    - Table African American Bank Usage by Bank Type and Generation, 2018
  - Hispanic Consumers: Demographic Analysis
    - Table Hispanic Bank Usage by Bank Type and Household Income, 2018
    - Table Hispanic Bank Usage by Bank Type and Generation, 2018
    - Table Hispanic Bank Usage by Bank Type and Preferred Spoken Language, 2018
- Reasons for Choosing Primary Bank
  - Location, Location, Location
    - Table Rationales for Choosing Primary Bank, 2014-2018
  - Rationales for Choosing Primary Bank by Race/Ethnicity
    - Table Rationales for Choosing Primary Bank by Race/Ethnicity, 2018
- Factors Important to Opening a Checking Account
  - Checking Builds the Foundation
  - Convenience Reigns
    - Table Most Important Reasons for Choosing Institution for Primary Checking Account, 2018
  - Analysis by Household Income
    - Table Most Important Reasons for Choosing Institution for Primary Checking Account: <$75K Household Income by White, African American, and Hispanic Checking Account Holders, 2018
    - Table Most Important Reasons for Choosing Institution for Primary Checking Account: $75K+ Household Income by White, African American, and Hispanic Checking Account Holders, 2018
  - Analysis by Age
    - Table Most Important Reasons for Choosing Institution for Primary Checking Account: White, African American, and Hispanic Adults Age 18-34, 2018
    - Table Most Important Reasons for Choosing Institution for Primary Checking Account: White, African American, and Hispanic Adults Age 35-54, 2018
    - Table Most Important Reasons for Choosing Institution for Primary Checking Account: White, African American, and Hispanic Adults Age 55+, 2018
- Overdraft
  - Analysis by Household Income
    - Table Negative Checking Account Balance and Overdraft Protection Methods: <$75K Household Income White, African American, and Hispanic Adults, 2018
  - Analysis by Age
    - Table Negative Checking Account Balance and Overdraft Protection Methods: White, African American, and Hispanic Adults Age 18-34, 2018
Mobile Banking, Wallets, and Apps
- Online and Mobile Banking
  - Online Banking Trends
    - Table Online Banking in Last 30 Days, by Race/Ethnicity, 2010-2018
  - Mobile Banking Momentum
    - Table Mobile Banking in Last 30 Days, by Race/Ethnicity, 2014-2018
- Mobile Wallet Apps
  - Table Mobile Wallet App Usage, by HH Income, Age, and Race/Ethnicity, 2018
  - Table Mobile Wallet App Usage, by Brand, Age, and HH Income, 2018
- Banking/Finance Apps
  - Table Banking/Finance App Used in Last 30 Days, by Race/Ethnicity, 2014-2018
  - Table Banking/Finance App Used in Last 30 Days: Hispanics vs. All Adults, by HH Income and Age, 2018
  - Table Banking/Finance App Used in Last 30 Days: African American s vs. All Adults, by HH Income and Age, 2018
Payment Choices
- Consumer Payments by Payment Instrument
  - Table Consumer Payments by Payment Instrument: Average Amount Per Person, Monthly Payment Volume and Value, and Annual Payment Value ($), 2017
  - Table Consumer Payments by Payment Instrument: Total Annual Payment Volume and Value ($bil), 2017
- Per-Person Payment Value by Race/Ethnicity
  - Table Monthly Per-Person Payment Value by Payment Instrument and Race/Ethnicity ($), 2017
- African American Consumer Payments by Payment Instrument
  - Table African American Consumer Payments by Payment Instrument: Average Amount Per Person, Monthly Payment Volume and Value, and Annual Payment Value ($), 2017
- Hispanic Consumer Payments by Payment Instrument
  - Table Hispanic Consumer Payments by Payment Instrument: Average Amount Per Person, Monthly Payment Volume and Value, and Annual Payment Value ($), 2017
Credit Card User Wallet Share and Net Worth
- Credit Card Users, Cards Per User, and Wallet Share
  - Table Active Credit Card Users, Cards Per User, and Wallet Share by Card Network/Type and Race/Ethnicity, 2017
- Revolvers vs. Transactors
  - Table Credit Card Revolvers vs. Transactors: Active Credit Card Wallet Share by Race/Ethnicity, 2017
- Credit Card User Net Worth, by Race/Ethnicity
  - Table Active Credit Card Users: Net Worth, Home Value/Debt, and Non-Home Value/Debt by Race/Ethnicity ($), 2017
Appendix
- Methodology
  - Consumer Survey Methodology
  - Key Sources
  - Population Estimates
  - Generations
    - Table U.S. Generations, 2018
  - Table Indexes
  - Abbreviations
    - Table Report Abbreviations and Acronyms, 2017
  - Terms and Definitions