While overall financial well-being remained relatively stable for most Americans, Black adults experienced a notable decline. The decline is especially striking compared with 2023, when nearly 68% of Black adults described their financial situation positively. Black workers have long been overrepresented in industries such as the federal government, manufacturing, and private education and health services. Financial well-being declined across every education level, but the steepest drop occurred among Black adults with a college degree. Black adults were more than twice as likely as their white, non-Hispanic counterparts to report being laid off.