This Means You: NewsOne Readers Take Groundbreaking Survey Of Black Economy

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SOBE Survey Loop 21NewsOne is partnering with Loop21 to launch the 2012 State of the Black Economy Survey ($OBE).

This unique online survey offers Black Americans a chance to be heard on a variety of crucial issues and to contribute to the understanding of the economic needs of Black America.

The $OBE survey runs from today, July 9 until July 27. The results will be published here on August 6, on both NewsOne and Loop 21.

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This year’s survey is a follow up to Loop 21’s survey undertaken in 2010, which yielded a number of interesting results, including:

Roughly 9 out of 10 respondents favored job creation policies over deficit reduction.

Over two‐thirds of respondents favored reducing taxes for businesses, which would likely increase the budget deficit, in order to stimulate job growth.

More than 4 of 10 respondents were concerned that they would involuntarily lose their job in the next year.

According to the panel, the biggest threat to job security is the current recession. The second greatest risk to job security was racial discrimination in the workplace, even for these mostly college‐educated African Americans, demonstrating that the notion of a post‐racial society is far from a reality for many people.

More than 2 of 3 respondents indicated that they need reduce credit card debt with 4 of 10 saying they urgently need to do so.

Nearly three‐fourths of respondents plan to reduce credit card debt in the next 12 months and the overwhelming majority of respondents plan to increase savings for emergencies.

Participants automatically qualify for a number of prizes including an Apple iPad.*

*Awards are provided solely by Loop 21.

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