Investing
The Bull Market in Stocks Has Blown Past Many Black Americans
A new survey shows overall stock ownership down for Black people, but up among younger generations.
Outside the New York Stock Exchange (NYSE) in New York, U.S.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
The stock market had a banner year in 2020, but a large portion of Black Americans missed out on the gains.
Only 55% of Black Americans said they owned stocks in 2020, compared with 71% of white Americans, according to the latest Ariel-Schwab Black Investor survey released Thursday. That’s the lowest number found in more than 20 years of the survey, though the survey hasn’t been conducted every year.