Black Americans’ lack of participation in the stock market likely to widen post-pandemic wealth gap
Written by Black Hot Fire Network on April 9, 2022
Commuters arrive at Grand Central Station with Metro-North during morning rush hour in New York City.
Angela Weiss | AFP | Getty Images
Thanks to the historic stock market rebound from pandemic lows, affluent 401(k)-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.
Only 34% of Black American households owned equity investments, as compared with 61% of white families, according to Federal Reserve Board's most recent survey in 2019. The average value of . . .
