WebWHEREAS, there are 1.376 million African Americans living in the State of Michigan as of 2024; and, WHEREAS, median household income among Black Americans is less than two-thirds of White, non-Hispanic households, and less than half of Asian households; and, WHEREAS, the median and mean wealth of White families as of 2024 was $188,200 … WebFeb 14, 2024 · Financial disasters like losing your job or a medical crisis always lurk. You need enough money in an emergency fund to cover three months of your regular living expenses, like housing, food and transportation. 4. Save for retirement. You want to live out your golden years in comfort, not poverty.
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