Only 33.5% of Black households owned stocks in 2019, according to data released recently by the Federal Reserve. Among white households, the ownership rate is nearly 61%. Hispanic and other minority households also are less likely than white families to own stock.
But researchers say that even wealthier Black households are much less likely to own stocks than their white counterparts. That means they missed out on the roughly 260% returns for S&P 500 funds over the last decade and the resulting chance to see their wealth grow. Black people "are shortchanging themselves by investing in more secure opportunities that yield less of a return," she said.
Among middle-aged families, which are the most likely to have a retirement account, 65% of white families have a 401, individual retirement account or another similar plan, according to the Fed. The figure is just 44% for Black families and 28% for Hispanic families. "My personal opinion is Black Americans tend not to trust things that are not tangible because of our history in this country and things being taken away," Ethridge said. "It gets passed on to you from generation to generation: to only trust and believe in things you can actually touch."
Marshall also recalled that he didn't have much exposure to stocks while growing up. His parents didn't talk much about them because they were seen as too risky. He started dabbling in the market after taking a class in college where they tracked stocks.Rogers, who founded Ariel Investments in 1983, said Marshall's experience has been common among Black people for generations.
How large is the disconnect - this headline is a part of a weird culture. Guilt mixed with flawed perception.
You the PM and the other outlets are the only ones keeping racism alive! You are the true racists in this world not the white man.
What a pile of BS - many people, black white and whatever don’t personally invest. I’ll bet their pension plans invest and benefits them. Just gaslighting racism 🤬🤬
How are they missing out?
FO race baiters.
CTV news is. Racist 💯
When did it become ok to have racist headlines?
More racial division. The only thing racist in this country are the media and the govt.
Well so am I ,because I don't have an stocks
You ignorant goofs just can’t help yourself from commenting on these articles. Huh? Lol.
You know people are smarter then this.
OMG. What a stupid efn headline.
CTV COMMUNIST NEWS
Stfu, you pathetic race baiting pricks
I laughed so hard when I read this joke of a headline....🤣 The mainstream media tries to race bait everything nowadays. fakenews inventingstories talltales racebaiting msmIsRacist
What an idiot this guy is who wrote this article Racists clowns
Without reading the article that’s a ridiculous headline.. the colour of anyone’s skin doesn’t affect their ability to invest in the markets..
BLM stock is not worth the investment and everyone is racist. EnemyOfThePeople ctv
What a fucking stupid thing to say from a supposedly reputable news agency. If this is the best you can do shut the doors.
this journalism is disgusting and i cant believe this is acceptable. most white people are also missing out on the stock markets. most of every kind. only a few with money and connections engage in such thing. and its a rigged system that benefits the top
Desperate to prove systemic racism right?
Might be the dumbest most racist headline yet
Hey CTV...racebaiters
please stop your racial division 'news', most ordinary people are missing out.
What a pathetic, ridiculous excuse for a headline. CTV you should be absolutely ashamed of this. I demand you retract this headline immediately!
More race baiting garbage headlines by a shitty news outlet.
CTV is racist.
Really CTV is this what passes for Canadian news these days? Honestly can't figure out why your ratings are tanking? Do better, focus on this country or be CNNs branch plant and irrelevant.
I’m white and I’m missing out too. It’s taking everything working 80 hours a week just to squeak by. No stock buys for me
Black people are missing out? Only Black people? Try reporting real news for a change. Or could your comment be regarded as demeaning?
Holy shit. What woke asshole from the prime minister office gave you this ridiculous talking point/headline?
Maybe they should play the market than? 🤔😅
So now the stock market is racist. Got it.
How about an apology and we can pretend you are not a racist 🤡
ctvsucks ass. Hope you all get laid off. No such thing as a journalist or investigative reporter anymore. Just a bunch of trouble making sjw’s.
Your plan is to divide and help the far left. You will lose. You can’t recover from this. Sickening.
The stock market is racist? I don’t remember ever needing to confirm my white privilege prior to being allowed to buy a stock. Someone at CTV can regurgitate these obscure stats but they can’t investigate multiple breaches of ethics Seems like systemic laziness.
Your drivel becomes more ridiculous on an hourly basis! Enough already!
What does race have to do with stocks . Seriously how low can you guys go. What a shame
What percentage of canadians are black again? Take your race baiting article planted by the liberal govt and F.O.
CTV is a race baiting shit show
Impeccable choice of words for a headline 🤦♂️
That’s yo do with lack of good employment and education. Quite being stupid. Lots aren’t able to take advantage of it.
CTV is pathetic
The more reason Trump should stay in power . Lowest unemployment rate amongst blacks in American history since Trump took office . Should write about that too CBC., sorry , CTV . Same shit different pile Oh , and how’s the investigating going on Trudeau’s Scandals ?
Why do you need to bring The colour of someone’s skin in to this? Seems kinda racist to me!
Who exactly is stopping them from investing in anything?
They’re money is as green as mine, maybe they should invest it. JournalismIsDead
Well than do what the rest of us do and go BUY SOME STOCK.
Enough with this already. People of all colors have the same rights and opportunities in this country, I am sick of having racism shoved in my face everywhere I look. STOP CREATING DIVISION WHERE THERE ISN'T ONE!!!!
Would this be more CTV gaslighting?
Black people aren't allowed to invest?
Haha, most whites are missing out too. What garbage
here is what racism looks like
If SpeakerPelosi had allowed aid to go to the people, many would be able to invest in the market. But she does not care about the people.
Stocks are soaring, and most white people are missing out too .... PS.. since when is a prepositive adjective capitalized? angry people happy people Black people white people brown people
How did CTV become such scum?
Using color again in your headlines. When do we drop the labels and make assessments based on character. Utter garbage, again, .. 👏🏼👏🏼👏🏼
Y a w n
You people really don't realize how you insult black people do you?
What a load of garbage. These kind of FakeNews story’s are a daily occurrence now. No wonder no one trusts MSM.
Most people in general are missing out 😂
What kind of stupidity is this?
I guess I must be a Black White guy because I don't own any stocks...... What a racist story....
Race baiting
Wow what divisive racist tripe, do better CTVNews, do better.
I didn't know that blacks were excluded from setting up online trading accounts with discount brokerages...thanks for pointing that out getthefuckouttahere
Most “people” are missing out!
How do you know that melanin content plays a part in the stock markets? Is there a question about race/colour on the stock purchase website?
So are white people like myself who can’t afford to invest in anything other than paying the monthly bills. If we’re lucky.
Huh? FakeNews
Race Baiting at it's Finest
I wonder why... Could it be a lack of savings, exacerbated by the outsized impact COVID has had on their community? Lack of trust in a system that treats them as second class citizens? People in general becoming more wary of the consistently volatile market?
I’m so sick and tired of identity politics and the lie called critical race theory that has made its way into every aspect of society.
As are most white, brown, Asian ... basically anyone that isn’t wealthy
Why don’t you stay away from the American politics and put some effort into covering Canadian politics honestly. Or is that too hard?
Maybe Trudeau can arrange a $200 million fund to give black people money to buy stocks like the fund he created specifically for black entreprenuers
Ctv trying to start a race war
🤔Can this be? I have no $ in stocks, guess I’m missing out 🤔..50 yrs believing I’m white to find out I’m actually black?! 🙄 Is this even a real headline? Up next? “Redheads Cause of all Cimate Change. Witches Are Real”. Enquiring minds want to know. Can U post horoscopes soon?
Canadians pay for this racist shit? Not my problem what other black, white, yellow, red, green Canadians have or don’t have. It called choice. It’s called personal responsibility
Missing out on what!! They can invest as easily as the rest of us, everyone gets that chance if they want. The market is very equal to all!!
Oh Fx Off.
I didn't think it was possible but as a 'news' organization, you have hit an all time new low. DefundTheMedia TurnItOff
not just blacks
How Stupid!
So what?
🤦🏻♀️
Most white people are missing out too. Politicians and their corporate bosses are the only ones getting rich, it's political not racial.
Perhaps black people invest differently. How are the Asian investors faring?
So should we all assume then that it's now racist to own stock or should we all give black people our shares?
Add to list of organisations that do not understand Economics 101. ctvlivetweets - trying to undermine & meddle in the USA elections. Interesting.
Buy carnival and air Canada.
Having received government funding CTV is now attempting to push the Liberal party's agenda on it's audience, creating a case of victimization where there is none. The stock markets are open to all, everyone's money is the same colour.
CTV SUCKS!!
Reported.
Blacks in Canada aren't missing out if they are drawing CPP /OAS , belong to a work pension plan or have RSP's just like White Canadians .
Most First Nations people are missing out. Most Asians are missing out. Most Caucasians are missing out. You need money to make money. Adding a racial edge on to your post only pisses everyone off. Especially when so many still out of work.
Sucks to be them. Maybe they should pay attention.
Everyone that gets a pension even old age pension is involved with the stock market. Investing on top of that is a personal decision, race doesn’t play a role
“Black” people For the love of God stop it! Just bloody stop it! 😡😡😡
SouljeruvGod WTF? Anyone can buy stocks. Why does the MSM find racism around every corner?
Funny...I did not have to enter skin colour or race info into my trading platforms. Must have missed that page...
First Nations people have lower participation rates. It isn’t rocket science to know people with higher education and financial stress have higher participation rates. What’s the point of this article?
YOU PEOPLE couldn't possibly try any harder to cause racial issues. It's not possible. You went full-racist.
Wtf is wrong with MSM?
Just have to make it about race, dont you CTV? Just give it a rest for one day please.
Ah, the soft bigotry of low expectations. CTV will have you believe that blacks are unable to participate in the stock market of their own volition, and require a handout to do so. Who are the real racists?
Stock markets and 401k's are really bouncing back in the USA since the pandemic lockdown..wish I could say the same for my Canadian investments 😢😢
WTF? Stop the BS! My Webbroker account doesn't know what F'N color I am.
I’m sure it’s Trump’s fault.
Most “people” are missing out is what you actually mean. Why are you trying to create more racial divide ?
Like most people my age I have a few stocks. Yes they are going up. I didn't notice where you had to be Asian or White to buy them though. Must be in the fine print I guess.
Oh look, CTV pushing more Liberal divisional propaganda, I never would have imagined
Oh CTV shame shame on you
Are lefty woke socialist teachers teaching stock market and basic capitalism in schools? No, well maybe start there.
Great headline there CTV, it's almost as if all of you have your heads so far up your ass you can't see the room much less read the room
“Most black people are missing out” you mean your black co-worker whom you assume doesn’t know shit about finances? since you think because he came from Nigeria?
Then they should get a fucking job and work hard like us. There I fix you.
Breaking: Race baiting CTV throws blacks under their bus, says they are too dumb to invest in the Stock Market
WTF... so the stock market is racist 😂
I knew almost nothing about the stock market in January. In Feb, I started putting money in. I watched a lot of youtube and followed traders on twitter. Doubled portfolio in the last 2 months. Anyone can learn.
what the fuck
Blacks are missing out? FFS. Really? How is this article not racist/divided🤷♀️
What a divisive and awful headline
CTV, stop the nonsense. Stop trying to race bait. The stock market is not racist and almost anyone can participate. You don't need thousands of dollars.
I'm white and didn't learn about stocks until i did the research myself. Am I still racist?
Joe86538718 Hey CTV people of all colour lost their jobs and don’t have money for stocks why are you instigating arguments
You think only black people cant afford to play the market? JFC. Can you just stop this?
Wtf is this shit 😂😂
Sounds racist to me. What happened to everyone else?
I'm white, I'm missing out too! Why? Because I don't invest in the stock market. Weird how that works
So are you tell me the can see the colour of someone’s skin through the computer screen when they invest or trade stock online If they aren’t doing it, it’s by choice...
Race baiting ctv
Most Canadians don't have stocks per say. But most Canadians have RRSP's, RIF's, TFSA's and or some kind of pensions that invest in stocks. Are you CTV that most Blacks don't have any of these
What BS! Junk Television.
So what?
Shameful headline CTV. You really are living up to your reputation these days.
WTF?
Stocks are soaring, and most people are missing out. There, fixed it for you CTV.
This article has made me unfollow CTV news.
The race baiting continues. The (non) story should have ended at the quote stating, “blacks place their money in safer investments” You are a joke. Don’t confuse clicks on your headline for genuine interest. It’s just reasonable people curious how racist you can be fakectvnews
That's sounds racist to me! Why would you say that almighy news media?
Canada is going down the toilet and most media are ignoring it. (My tweet is much more relevant than this trash from CTV) randylennox7117 is a puppet bellsucks
OLD ACCOUNT GOT HACKED 30k flw MAKE 💲5000 DAILY WORKING FROM HOME➕NO UPFRONT➕FEE HMU FOR MORE INFO....💯LEGIT USA🇺🇸 AND CANADA ONLY 🔞 ❌NEED NO MONEY
The race baiting continues. The (non) story should have ended at the quote stating blacks place their money is safer investments. You are a joke fakectvnews
Stocks are soaring and every working class person of every race is missing out! Way to go CTV spreading more racism!
So CTV thinks black people are too stupid to invest?
Read the room CTV. 20:1 negative to positive comments on this article. I’d block you if you weren’t such a fucking funny joke!
C’mon you’re better than this. How exactly does this story help...anyone? For the record, a lot of people can’t afford to invest in stocks. Equating this to skin colour is shameful.
“Black people can’t do money” CTV... It’s called the bigotry of low expectations, racists.
What?
Ffs really?!?!🙄🙄🙄🤦🏻♀️🤦🏻♀️🤦🏻♀️ how much trudope is paying fir you to push this Race card?!?
🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️
So am I and I'm white.
What the hell is this headline most people dont have stocks
Teach proper money management instead mindless protest.
Who cares, im whatever color ya wanna call me and im missing out also. Ohhh welllllll!
samike88 MSM must find way to tie racism to everything....
I don't have stocks.
don't worry when Biden gets elected stocks will drop like a rock those without them will be better off.
I guess CTV is letting the Klan write headlines now.
Most white people too. Nice headline.
I cannot believe this headline. 😳
So sick and tired of this racist pandering by . I am Metis and I don't play the stock market by choice. Is my white side being racist to my indiginous side?
CTV is a complete joke.
CtVFakeNews MediaScum
Most white trailer park men are missing out. well, most white people of any kind are missing out.
Have they studied the racial differences between the supply and demand of oatmeal cookies, I think most stores carry the product !
The more Canadians see moronic articles like this, the more it pisses them off, the more they see the media is garbage news, the more trump is right. CTV should be embarrassed for these types of stupid articles.
What disgusting drivel.
CTV is a joke.. Televisions version of the Inquirer
The head line is racist !.. CTV just become the new CNN ..
let me guess, now stocks are racists....
Most Red people are missing out too.
Wooowwww this is the most racist headline ever!!!
Looks like another slow news day at CTV
Who writes this stuff? This is horrible.
Lots of people don't play stock market, invest or have pensions beyond CPP color has nothing to do with it. Geez!
🤦🏻♂️
CTV’s parent company can feel free to hand out its stock for free to people of colour if it actually believes that this is an issue.
I’ve always thought the key to stock analysis is ratios...seems CTV is quite an expert
Verbatim?
This is some messed up media pile!...mediaistheproblem
Racist article
CTV aiming for TMZ level
Wtf ! Did Biden write this ?
Last time I was buying stocks, I had to lie about my skin color!🤘🏿
I’m no CA or MBA, but I’d hazard a guess that ‘most’ of everyone who didn’t buy in is ‘missing out.’
Then teach them how to play the market, instead of telling them they’re too ignorant to benefit from it, unlike those “white” people are who are getting “free” money. Also, who’s fault will stock loses be attributed to? Bad investor decisions, or “racist” corporate billionaires?
Hahahahhahahahhahahah
ctv has now become racist 🗑.
lets see the CTV Executive photos and compare.
what?
Reading over the other comments here and I think to myself why. Why are people commenting or following for that matter if they don’t like the content? Stupid people who have nothing better to do than to troll a respectable and well respected news organization.
What a headline
Stupid tweet of the year goes to !!!
What about me, I'm white and missing out. Oh wait it's CTV race baiting at it's finest.
Didn't know self-directed trading apps and bank managed mutual funds had being black as a disqualifier for use of their services. We must take to the streets in revolt against this injustice!!!
Canadian media is sinking to a new low. Majority of Canadians are not involved in the stock market.
You have officially tweeted this more than you tweeted about the two police officers executed at point blank range in Los Angelos. Also more than you tweeted the doctor who got hacked up in his office in Red Deer. Weird.
CTV = Commie Television ...and commies are only good at one thing: DISINFORMATION.
If I were black, I'd be offended by this stupid headline.
So you repost this again because you didn’t get the negative feedback you wanted ? P.s they already posted this topic about 8 hours ago
What the fuck kind of headline is that?
Shame on CTV for this racist headline & article!!! 🤨
Somebody pull the plug on this bottom feeder trash bag masquerading as 'news'
American article for clickbait, but it worked. ... this time. Unfollow 🙋♂️
katsil1
Wtf ?
AGAIN, USA owned media attempting to gaslight Canadians into their way of thinking. Apparently oblivious to the fact that Canadians have, fundamentally, a different set core of values. Those being Inclusion, Acceptance & Diversity. cdnmedia
Stocks are back to where they were in March lol.
Do you ppl have a brain amongst yourselves? Pls start using what little you have
Onion 🤣🤣🤣
The media is racist.
What an idiotic headline. Lower to middle class people of all races are missing out. It’s not like all caucasians or all asians have parents and grandparents who showed them how to invest ffs. Insulting and low class.
So are most white people...
Who ever wrote this article is without a doubt mentally handicapped
You might want to mention this is a US thing. Maybe come up with some news from here on this if you are going to copy and paste some bullshit headline.
Media manipulation at its best..
Shame you have to play this game!
It is 9 $ to buy a stock ! Click of a button ... shouldn’t be that complicated
I wonder if Asians are missing out? How about Arabs?
Do you have to bring up race on this topic? If you do, Asians are missing the stocks as well, since they invest in properties rather than stocks!
So woke that you’re actually racist
I would like CTV to investigate the WE charity to see if they have any stocks. Because if they do, black people aren't missing out.
Divide and conquer
This is the Lowe's CEO, he is black, and he isn't missing out.
Seriously.
Oh? How about indigenous people? You know in CANADA? Where you tell Canadian news ? Where JustinTrudeau doesn’t provide clean drinking water
Down bring that bulls**t here. FakeNewsMedia
Lollll this headline
Meanwhile in Canada people can't afford stocks because Trudeau is bankrupting in Canada. My goodness delete your account.
WT flying F?! I’m missing out too so make a headline out of that, lol.
What kind of fucking headline is this? Most people in general don't have stocks.
plss off
Hahah LOL wow
Maybe they should buy some stocks
what a headline, holy shit.
Oy
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