Many Black Americans missed out on the hefty gains from the stock market due to historically low equity ownership.
Commuters arrive at Grand Central Station with Metro-North during morning rush hour in New York City.Thanks to the historic stock market rebound from pandemic lows, affluent 401-holders and savvy investors in the U.S. enjoyed double-digit returns from stocks over the past two years. But not for the majority of Black Americans.
The primary way that Americans build wealth and invest is through retirement plans, and there have been enormous disparities between Black and white Americans on that front. Many Black Americans missed out on the hefty gains from the stock market because they often hold occupations where employers are unlikely to offer an employer-sponsored retirement plan.
The stock market pulled off a stunning recovery rally from the pandemic lows in March 2020, with the S&P 500 enjoying the fastest bull market since World War II, doubling off the bottom. Many credited unprecedented monetary and fiscal stimulus for the market's leap out of its massive pandemic slump.The Federal Reserve slashed interest rates to near zero, while bolstering financial markets with $120 billion in emergency monthly bond purchases.
Let’s say you know other persons belief, and speak to their own language, while you you have different belief
That’s exactly right! All those people that invested in stock market lost everything and are now poorer.
_masterinvestor EarnYourLeisure bitcoinzay ryanleslie hillharper KillerMike
What self-repecting black person would want to be part of that whorehouse/abbotoir? Did they run out of White People to rip off by volatility whiplash?
Is that because they are not able to figure out how to get IDs according to woke outlets like CNBC?
I wish that this was crafted a bit better. I actually wrote about this last year (during the peak of the pandemic) and a study showed where WE were actually investing more based upon insights + research Lack of participation? Lack of pay or opportunity.
Let’s give black people free stocks! (Dems probably)
We’ll see this racial BS more often as the midterm approaches and Dems losing control of their minority voter base.
Stock $CFVI RumbleVideo 🚀👨🚀
What kind of bs narrative is this? The wealth gap is widening because of greedy CEO’s, Congress and Wall Street players. Not to mention black rock buying up all the middle class homes and driving up prices. MSM is a joke and you guys wonder why we don’t get our news from you
Not missing out. This is the most corrupt economy and market on the planet. GaryGensler and the SECGov are complicit in the corruption. HesterPeirce won’t even vote yes for more transparency. So it’s best they not out their hard earned money into this rigged system
For 90% of the population.. Good for them. You aren't missing much.
Participation in financial management classes may help.
'lack of participation' like we have a choice to be a part of it lol.
This is by design. It’s a tenant of the Democratic Party
I see this as — opportunities exist to reach many underserved people with innovative products and outreach to empower them to participate .. many people regardless of race don’t use a bank either so find new ways to reach them
Stop the racial BS