Skip to content
Subscriber Only
Wealth
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.

Outside the New York Stock Exchange (NYSE) in New York, U.S.

Photographer: Michael Nagle/Bloomberg

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.