11/26/2012 05:53 pm ET Updated Dec 06, 2017

African-American Personal Finance 'Down, Not Out,' Infographic Says

On the heels of what experts estimate to be a record-breaking weekend of spending across the U.S., personal finance website Online Loan 24 is taking a look at how African Americans' savings, investing and buying power stack up.

According to an infographic titled “African-American Personal Finance: Down, Not Out," African Americans are "disadvantaged in just about every area of personal finance," a grim conclusion to a list of findings that the website says has a silver lining still.

Drawing from two major 2011 reports -- Nielsen's “The State of the African-American Consumer” and Prudential's "The African American Financial Experience" -- Online Loan 24 highlights stats showing that African Americans have fewer savings compared to white Americans and are more likely to dip into retirement savings for daily expenses. In addition, higher-earning African-American households have lower incomes than average white American households, a reality that experts say is directly linked to African Americans' tendency to express concerns about keeping the roof above their heads, keeping the debt collector away, and keeping their credit history clean.

The upside, however, is that as much as two-thirds of African-American households with incomes greater than $50,000 show a strong desire to look for financial steps to meet their goals and display a highly entrepreneurial spirit, the infographic says.

Do you agree or disagree with the Americans represented here?

african american personal finance infographic