Current Events > Black Americans lack of participation in the stock market is widening wealth gap

Topic List	Page List: 1
Lebronwon 02/02/22 9:19:26 AM #1:	https://www.cnbc.com/2022/02/02/black-americans-lack-of-participation-in-the-stock-market-likely-to-widen-post-pandemic-wealth-gap.html 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, compared to 61% of white families, according to Federal Reserve Boards most recent survey in 2019. The average value of stocks Black Americans owned only amounted to $14,400, nearly a quarter of what their white peers held, the data said. Because Black households are less likely to be invested in the stock market and on every level less likely to be engaged in the financial system, they not only entered the pandemic with large gaps, the likelihood is that we are going to see some of these gaps widen coming out of the pandemic, said John Lettieri, the Economic Innovation Groups president and CEO. 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. Only 44% of Black Americans have retirement savings accounts, with a typical balance of around $20,000, compared to 65% of white Americans, who have an average balance of $50,000, according to the Federal Reserve. If you had access to a well managed retirement plan, whats happened in the last two years has been a boon to your bottom-line wealth, Lettieri said. 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 markets leap out of its massive pandemic slump. The latest jobs report showed that for all Black workers, the unemployment rate in December stood at 7.1% more than twice that of white workers at 3.2%. The roughly two-to-one ratio for Black versus white unemployment has been consistent throughout history. https://gamefaqs.gamespot.com/a/user_image/5/6/8/AAd-UUAAC4OI.png --- Not 1, not 2, not 3, not 4, not 5, not 6, not 7 <cite>Lebronwon posted [p:962297119] in Black Amer... [t:79880910]...</cite> <quote>https://www.cnbc.com/2022/02/02/black-americans-lack-of-participation-in-the-stock-market-likely-to-widen-post-pandemic-wealth-gap.html 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, compared to 61% of white families, according to Federal Reserve Boards most recent survey in 2019. The average value of stocks Black Americans owned only amounted to $14,400, nearly a quarter of what their white peers held, the data said. Because Black households are less likely to be invested in the stock market and on every level less likely to be engaged in the financial system, they not only entered the pandemic with large gaps, the likelihood is that we are going to see some of these gaps widen coming out of the pandemic, said John Lettieri, the Economic Innovation Groups president and CEO. 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. Only 44% of Black Americans have retirement savings accounts, with a typical balance of around $20,000, compared to 65% of white Americans, who have an average balance of $50,000, according to the Federal Reserve. If you had access to a well managed retirement plan, whats happened in the last two years has been a boon to your bottom-line wealth, Lettieri said. 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 markets leap out of its massive pandemic slump. The latest jobs report showed that for all Black workers, the unemployment rate in December stood at 7.1% more than twice that of white workers at 3.2%. The roughly two-to-one ratio for Black versus white unemployment has been consistent throughout history. https://gamefaqs.gamespot.com/a/user_image/5/6/8/AAd-UUAAC4OI.png </quote> ... Copied to Clipboard!
gunplagirl 02/02/22 9:20:30 AM #2:	It's almost like capitalism only widens the gap between the poor and wealthy. --- tfw no big tiddy goth vampire gf who lactates blood - viewmaster_pi <cite>gunplagirl posted [p:962297137] in Black Amer... [t:79880910]...</cite> <quote>It's almost like capitalism only widens the gap between the poor and wealthy. </quote> ... Copied to Clipboard!
fan357 02/02/22 9:21:42 AM #3:	Lets do communism so we can all be poor! --- Never forget where you came from. <cite>fan357 posted [p:962297162] in Black Amer... [t:79880910]...</cite> <quote>Lets do communism so we can all be poor! </quote> ... Copied to Clipboard!
Fam_Fam 02/02/22 9:21:49 AM #4:	too bad Wall Street is rigged and aims to cheat out retail investors out of their hard earned money with illegal and predatory practices such as naked shorting. its as if they don't want poor/average people to be able to be successful, and want to steal their money from them. <cite>Fam_Fam posted [p:962297164] in Black Amer... [t:79880910]...</cite> <quote>too bad Wall Street is rigged and aims to cheat out retail investors out of their hard earned money with illegal and predatory practices such as naked shorting. its as if they don't want poor/average people to be able to be successful, and want to steal their money from them. </quote> ... Copied to Clipboard!
EndOfDiscOne 02/02/22 9:22:40 AM #5:	why do they capitalize "black" but not "white" --- I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna *COMBINED!* <cite>EndOfDiscOne posted [p:962297174] in Black Amer... [t:79880910]...</cite> <quote>why do they capitalize "black" but not "white" </quote> ... Copied to Clipboard!
Antifar 02/02/22 9:24:18 AM #6:	Is it something they're choosing not to participate in, or something they disproportionately lack the resources to participate in? This headline reminds me of all those articles about millennials not buying homes, like it's an aesthetic choice. --- kin to all that throbs <cite>Antifar posted [p:962297213] in Black Amer... [t:79880910]...</cite> <quote>Is it something they're choosing not to participate in, or something they disproportionately lack the resources to participate in? This headline reminds me of all those articles about millennials not buying homes, like it's an aesthetic choice. </quote> ... Copied to Clipboard!
Squall28 02/02/22 9:27:19 AM #7:	fan357 posted... Lets do communism so we can all be poor! Users on this board legit think we're better off as hunter-gatherers or peasants. They'll be completely onboard with this. It's not about bringing the poor up, it's about making sure others don't have more. --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis <cite>Squall28 posted [p:962297256] in Black Amer... [t:79880910]...</cite> <quote>fan357 posted... </cite> <quote>Lets do communism so we can all be poor!</quote> Users on this board legit think we're better off as hunter-gatherers or peasants. They'll be completely onboard with this. It's not about bringing the poor up, it's about making sure others don't have more. </quote> ... Copied to Clipboard!
lolife67 02/02/22 9:27:21 AM #8:	Antifar posted... Is it something they're choosing not to participate in, or something they disproportionately lack the resources to participate in? This was my first thought as well. <cite>lolife67 posted [p:962297257] in Black Amer... [t:79880910]...</cite> <quote>Antifar posted... </cite> <quote>Is it something they're choosing not to participate in, or something they disproportionately lack the resources to participate in?</quote>This was my first thought as well. </quote> ... Copied to Clipboard!
RchHomieQuanChi 02/02/22 9:35:22 AM #9:	Squall28 posted... Users on this board legit think we're better off as hunter-gatherers or peasants. They'll be completely onboard with this. It's not about to bring the poor up, it's about making sure others don't have more. Way to misrepresent an argument from a topic you never returned to. Antifar posted... Is it something they're choosing not to participate in, or something they disproportionately lack the resources to participate in? This headline reminds me of all those articles about millennials not buying homes, like it's an aesthetic choice. Also this. Kinda hard to participate in the stock market when you live paycheck to paycheck. --- I have nothing else to say <cite>RchHomieQuanChi posted [p:962297399] in Black Amer... [t:79880910]...</cite> <quote>Squall28 posted... </cite> <quote>Users on this board legit think we're better off as hunter-gatherers or peasants. They'll be completely onboard with this. It's not about to bring the poor up, it's about making sure others don't have more.</quote> Way to misrepresent an argument from a topic you never returned to. Antifar posted... </cite> <quote>Is it something they're choosing not to participate in, or something they disproportionately lack the resources to participate in? This headline reminds me of all those articles about millennials not buying homes, like it's an aesthetic choice.</quote> Also this. Kinda hard to participate in the stock market when you live paycheck to paycheck. </quote> ... Copied to Clipboard!
gunplagirl 02/02/22 9:36:22 AM #10:	Antifar posted... Is it something they're choosing not to participate in, or something they disproportionately lack the resources to participate in? This headline reminds me of all those articles about millennials not buying homes, like it's an aesthetic choice. You already know it's the latter. --- tfw no big tiddy goth vampire gf who lactates blood - viewmaster_pi <cite>gunplagirl posted [p:962297424] in Black Amer... [t:79880910]...</cite> <quote>Antifar posted... </cite> <quote>Is it something they're choosing not to participate in, or something they disproportionately lack the resources to participate in? This headline reminds me of all those articles about millennials not buying homes, like it's an aesthetic choice.</quote>You already know it's the latter. </quote> ... Copied to Clipboard!
BlueTigerLion 02/02/22 10:31:27 AM #11:	They dont teach financial education in schools. Most some might get it taught to save your way out of poverty. Which is kinda dumb with inflation and how much you get in savings account. Also doesnt help the gap that a lot of white people probably have their stocks passed on to their children. --- Hey now. <cite>BlueTigerLion posted [p:962298669] in Black Amer... [t:79880910]...</cite> <quote>They dont teach financial education in schools. Most some might get it taught to save your way out of poverty. Which is kinda dumb with inflation and how much you get in savings account. Also doesnt help the gap that a lot of white people probably have their stocks passed on to their children. </quote> ... Copied to Clipboard!
COVxy 02/02/22 10:33:37 AM #12:	Antifar posted... Is it something they're choosing not to participate in, or something they disproportionately lack the resources to participate in? This headline reminds me of all those articles about millennials not buying homes, like it's an aesthetic choice. Seems like this is the correct take. --- =E[(x-E[x])(y-E[y])] <cite>COVxy posted [p:962298715] in Black Amer... [t:79880910]...</cite> <quote>Antifar posted... </cite> <quote>Is it something they're choosing not to participate in, or something they disproportionately lack the resources to participate in? This headline reminds me of all those articles about millennials not buying homes, like it's an aesthetic choice.</quote> Seems like this is the correct take. </quote> ... Copied to Clipboard!
Solar_Crimson 02/02/22 10:33:49 AM #13:	RchHomieQuanChi posted... Kinda hard to participate in the stock market when you live paycheck to paycheck. BlueTigerLion posted... They dont teach financial education in schools. Most some might get it taught to save your way out of poverty. Which is kinda dumb with inflation and how much you get in savings account. Also doesnt help the gap that a lot of white people probably have their stocks passed on to their children. --- I often wonder if we are growing as a people... or in fact, regressing. <cite>Solar_Crimson posted [p:962298719] in Black Amer... [t:79880910]...</cite> <quote>RchHomieQuanChi posted... </cite> <quote>Kinda hard to participate in the stock market when you live paycheck to paycheck.</quote> BlueTigerLion posted... </cite> <quote>They dont teach financial education in schools. Most some might get it taught to save your way out of poverty. Which is kinda dumb with inflation and how much you get in savings account. Also doesnt help the gap that a lot of white people probably have their stocks passed on to their children.</quote> </quote> ... Copied to Clipboard!
CableZL 02/02/22 10:33:59 AM #14:	Yeah, it would have definitely helped if I had some sort of financial education in school. I graduated high school not knowing a damn thing about finances. I finally started investing in 2015, even though I was doing it poorly. I pulled my money out of the stock market entirely because I had no idea what I was doing and I didn't have the patience for it. I decided to jump back into the stock market a couple years later and did much better. --- https://i.imgtc.com/d9Fc4Qq.gif https://i.imgtc.com/BKHTxYq.gif https://i.imgtc.com/vYYIuDx.jpg <cite>CableZL posted [p:962298724] in Black Amer... [t:79880910]...</cite> <quote>Yeah, it would have definitely helped if I had some sort of financial education in school. I graduated high school not knowing a damn thing about finances. I finally started investing in 2015, even though I was doing it poorly. I pulled my money out of the stock market entirely because I had no idea what I was doing and I didn't have the patience for it. I decided to jump back into the stock market a couple years later and did much better. </quote> ... Copied to Clipboard!
WingsOfGood 02/02/22 10:35:40 AM #15:	"Just have cash pop out of thin air and invest in the stock market!" "You do not deserve to be paid a living wage. You deserve debt!" These two sentences are at odds with each other. <cite>WingsOfGood posted [p:962298761] in Black Amer... [t:79880910]...</cite> <quote>"Just have cash pop out of thin air and invest in the stock market!" "You do not deserve to be paid a living wage. You deserve debt!" These two sentences are at odds with each other. </quote> ... Copied to Clipboard!
SweetieBeIle462 02/02/22 10:36:04 AM #16:	gunplagirl posted... It's almost like capitalism only widens the gap between the poor and wealthy. Capitalism allows the poor to become wealthy. --- Mac Book Pro 16 - 6-Core i7-9750H @ 2.60GHz - 32gb DDR4 2667 MHz - Radeon Pro 5500M 8gb - 2TB Apple SSD Now Playing: Metroid Dread, Tales of Arise, Dead By Daylight <cite>SweetieBeIle462 posted [p:962298768] in Black Amer... [t:79880910]...</cite> <quote>gunplagirl posted... </cite> <quote>It's almost like capitalism only widens the gap between the poor and wealthy.</quote> Capitalism allows the poor to become wealthy. </quote> ... Copied to Clipboard!
Solar_Crimson 02/02/22 10:37:30 AM #17:	SweetieBeIle462 posted... Capitalism allows the poor to become wealthy. https://www.youtube.com/watch?v=_n5E7feJHw0 --- I often wonder if we are growing as a people... or in fact, regressing. <cite>Solar_Crimson posted [p:962298799] in Black Amer... [t:79880910]...</cite> <quote>SweetieBeIle462 posted... </cite> <quote>Capitalism allows the poor to become wealthy.</quote>https://www.youtube.com/watch?v=_n5E7feJHw0 </quote> ... Copied to Clipboard!
WingsOfGood 02/02/22 10:38:12 AM #18:	SweetieBeIle462 posted... Capitalism allows the poor to become wealthy. Why are you still poor then? <cite>WingsOfGood posted [p:962298816] in Black Amer... [t:79880910]...</cite> <quote>SweetieBeIle462 posted... </cite> <quote>Capitalism allows the poor to become wealthy.</quote> Why are you still poor then? </quote> ... Copied to Clipboard!
RchHomieQuanChi 02/02/22 10:43:29 AM #19:	WingsOfGood posted... "Just have cash pop out of thin air and invest in the stock market!" "You do not deserve to be paid a living wage. You deserve debt!" These two sentences are at odds with each other. It all makes sense when you realize these are just excuses to gaslight the poor. --- I have nothing else to say <cite>RchHomieQuanChi posted [p:962298921] in Black Amer... [t:79880910]...</cite> <quote>WingsOfGood posted... </cite> <quote>"Just have cash pop out of thin air and invest in the stock market!" "You do not deserve to be paid a living wage. You deserve debt!" These two sentences are at odds with each other.</quote> It all makes sense when you realize these are just excuses to gaslight the poor. </quote> ... Copied to Clipboard!
SweetieBeIle462 02/02/22 10:45:14 AM #20:	Also it's easier than ever to invest in the stock market with apps like robinhood, webull, fidelity, etc. One issue though is that there's still a good amount of people who don't even have a bank account. It's been rough to those that solely rely on cash since the pandemic put a squeeze on money and coin transactions. --- Mac Book Pro 16 - 6-Core i7-9750H @ 2.60GHz - 32gb DDR4 2667 MHz - Radeon Pro 5500M 8gb - 2TB Apple SSD Now Playing: Metroid Dread, Tales of Arise, Dead By Daylight <cite>SweetieBeIle462 posted [p:962298957] in Black Amer... [t:79880910]...</cite> <quote>Also it's easier than ever to invest in the stock market with apps like robinhood, webull, fidelity, etc. One issue though is that there's still a good amount of people who don't even have a bank account. It's been rough to those that solely rely on cash since the pandemic put a squeeze on money and coin transactions. </quote> ... Copied to Clipboard!
Norman_Smiley 02/02/22 10:46:25 AM #21:	Antifar posted... Is it something they're choosing not to participate in, or something they disproportionately lack the resources to participate in? This headline reminds me of all those articles about millennials not buying homes, like it's an aesthetic choice black Americans are investing in crypto, though. Seems like it is a choice. --- http://i.imgur.com/BVBQC.jpg The big wiggle equals ratings. <cite>Norman_Smiley posted [p:962298982] in Black Amer... [t:79880910]...</cite> <quote>Antifar posted... </cite> <quote>Is it something they're choosing not to participate in, or something they disproportionately lack the resources to participate in? This headline reminds me of all those articles about millennials not buying homes, like it's an aesthetic choice</quote> black Americans are investing in crypto, though. Seems like it is a choice. </quote> ... Copied to Clipboard!
eston 02/02/22 10:48:00 AM #22:	Racist ass stock market --- http://i73.photobucket.com/albums/i215/estonc/grizzly_bear_chairs_2.jpg http://i.imgur.com/8kjZU.jpg <cite>eston posted [p:962299035] in Black Amer... [t:79880910]...</cite> <quote>Racist ass stock market </quote> ... Copied to Clipboard!
CableZL 02/02/22 10:57:49 AM #23:	SweetieBeIle462 posted... Also it's easier than ever to invest in the stock market with apps like robinhood, webull, fidelity, etc. One issue though is that there's still a good amount of people who don't even have a bank account. It's been rough to those that solely rely on cash since the pandemic put a squeeze on money and coin transactions. Yeah, I have a few friends of multiple races who still have the "I only use cash" mindset. --- https://i.imgtc.com/d9Fc4Qq.gif https://i.imgtc.com/BKHTxYq.gif https://i.imgtc.com/vYYIuDx.jpg <cite>CableZL posted [p:962299257] in Black Amer... [t:79880910]...</cite> <quote>SweetieBeIle462 posted... </cite> <quote>Also it's easier than ever to invest in the stock market with apps like robinhood, webull, fidelity, etc. One issue though is that there's still a good amount of people who don't even have a bank account. It's been rough to those that solely rely on cash since the pandemic put a squeeze on money and coin transactions.</quote> Yeah, I have a few friends of multiple races who still have the "I only use cash" mindset. </quote> ... Copied to Clipboard!
Antifar 02/02/22 11:01:57 AM #24:	Norman_Smiley posted... black Americans are investing in crypto, though I'd place money on them doing so at a lower rate than white Americans. --- kin to all that throbs <cite>Antifar posted [p:962299332] in Black Amer... [t:79880910]...</cite> <quote>Norman_Smiley posted... </cite> <quote>black Americans are investing in crypto, though</quote>I'd place money on them doing so at a lower rate than white Americans. </quote> ... Copied to Clipboard!
Norman_Smiley 02/02/22 11:07:11 AM #25:	Antifar posted... I'd place money on them doing so at a lower rate than white Americans. I can't find anything about total value in holdings / total value invested. But 1:4 black Americans is investing in crypto compared to about 1:9 white Americans. I also wouldn't be surprised if black people have invested more in total than white into crypto but if whites have more total wealth in crypto (earlier adopters in large volumes). --- http://i.imgur.com/BVBQC.jpg The big wiggle equals ratings. <cite>Norman_Smiley posted [p:962299467] in Black Amer... [t:79880910]...</cite> <quote>Antifar posted... </cite> <quote>I'd place money on them doing so at a lower rate than white Americans.</quote> I can't find anything about total value in holdings / total value invested. But 1:4 black Americans is investing in crypto compared to about 1:9 white Americans. I also wouldn't be surprised if black people have invested more in total than white into crypto but if whites have more total wealth in crypto (earlier adopters in large volumes). </quote> ... Copied to Clipboard!
gatorsPENSbucs 02/02/22 11:07:23 AM #26:	Norman_Smiley posted... black Americans are investing in crypto, though. Seems like it is a choice. Yah, I feel bad for Odell Beckham. Had his whole Rams salary put into Bitcoin when it was worth like $60k and now its $35k. Bummer. --- https://imgur.com/ZFt3WwT http://error1355.com/ce/gatorsPENSbucs.html https://i.imgur.com/pqMQZyw.gif <cite>gatorsPENSbucs posted [p:962299473] in Black Amer... [t:79880910]...</cite> <quote>Norman_Smiley posted... </cite> <quote>black Americans are investing in crypto, though. Seems like it is a choice.</quote>Yah, I feel bad for Odell Beckham. Had his whole Rams salary put into Bitcoin when it was worth like $60k and now its $35k. Bummer. </quote> ... Copied to Clipboard!
Prismsblade 02/02/22 11:07:38 AM #27:	Many blacks in my circle generally think in the sort term, even if they are financially well stable for the time. I make sure every job I apply for has a 401k, and invest into it proper, and poor what little into stocks and my Roth when I can. --- 3DS FC:3368-5403-9633 Name: Kaizer PSN: Blackkaizer <cite>Prismsblade posted [p:962299480] in Black Amer... [t:79880910]...</cite> <quote>Many blacks in my circle generally think in the sort term, even if they are financially well stable for the time. I make sure every job I apply for has a 401k, and invest into it proper, and poor what little into stocks and my Roth when I can. </quote> ... Copied to Clipboard!
Antifar 02/02/22 11:09:14 AM #28:	Norman_Smiley posted... But 1:4 black Americans is investing in crypto compared to about 1:9 white Americans. I'm gonna need to see a source for that claim. --- kin to all that throbs <cite>Antifar posted [p:962299512] in Black Amer... [t:79880910]...</cite> <quote>Norman_Smiley posted... </cite> <quote>But 1:4 black Americans is investing in crypto compared to about 1:9 white Americans.</quote>I'm gonna need to see a source for that claim. </quote> ... Copied to Clipboard!
Norman_Smiley 02/02/22 11:11:06 AM #29:	Antifar posted... I'm gonna need to see a source for that claim. https://finance.yahoo.com/news/why-black-americans-are-leading-the-nft-crypto-revolution-201819748.html article is a little over a month old and references 2 recent polls, though it doesn't link to them. --- http://i.imgur.com/BVBQC.jpg The big wiggle equals ratings. <cite>Norman_Smiley posted [p:962299568] in Black Amer... [t:79880910]...</cite> <quote>Antifar posted... </cite> <quote>I'm gonna need to see a source for that claim.</quote> https://finance.yahoo.com/news/why-black-americans-are-leading-the-nft-crypto-revolution-201819748.html article is a little over a month old and references 2 recent polls, though it doesn't link to them. </quote> ... Copied to Clipboard!
COVxy 02/02/22 12:29:30 PM #30:	Norman_Smiley posted... https://finance.yahoo.com/news/why-black-americans-are-leading-the-nft-crypto-revolution-201819748.html article is a little over a month old and references 2 recent polls, though it doesn't link to them. There's really not enough information about that poll to understand what's going on here. But the estimates really don't pass the smell test so I'm going to bet there's a sampling issue here. --- =E[(x-E[x])(y-E[y])] <cite>COVxy posted [p:962301629] in Black Amer... [t:79880910]...</cite> <quote>Norman_Smiley posted... </cite> <quote>https://finance.yahoo.com/news/why-black-americans-are-leading-the-nft-crypto-revolution-201819748.html article is a little over a month old and references 2 recent polls, though it doesn't link to them.</quote> There's really not enough information about that poll to understand what's going on here. But the estimates really don't pass the smell test so I'm going to bet there's a sampling issue here. </quote> ... Copied to Clipboard!
Antifar 02/02/22 1:07:56 PM #31:	FWIW, this survey from last summer has investment rates roughly even among racial groups, which is still surprising to me https://www.econotimes.com/Twice-as-many-men-as-women-invest-in-cryptocurrency-1616103 People of all races are equally investing in cryptocurrency, with 14 percent of Asians, 11 percent of whites, 11 percent of Blacks, 10 percent of Hispanics, and 13 percent of other races. Even though people of color invested in cryptocurrencies at higher rates than other investment realms, whites dominate the crypto market. Sixty-two percent of cryptocurrency investors are white, 67 percent are men, and 66 percent are under 45 years old. The one thing that might be at play here is that in the US Black people are on average younger than white people. --- kin to all that throbs <cite>Antifar posted [p:962302610] in Black Amer... [t:79880910]...</cite> <quote>FWIW, this survey from last summer has investment rates roughly even among racial groups, which is still surprising to me https://www.econotimes.com/Twice-as-many-men-as-women-invest-in-cryptocurrency-1616103 <quote>People of all races are equally investing in cryptocurrency, with 14 percent of Asians, 11 percent of whites, 11 percent of Blacks, 10 percent of Hispanics, and 13 percent of other races. Even though people of color invested in cryptocurrencies at higher rates than other investment realms, whites dominate the crypto market. Sixty-two percent of cryptocurrency investors are white, 67 percent are men, and 66 percent are under 45 years old.</quote> The one thing that might be at play here is that in the US Black people are on average younger than white people. </quote> ... Copied to Clipboard!
Veggeta_MAX 02/02/22 1:13:42 PM #32:	I don't fully understand stocks and they're just too risky to put money in. --- I'm Veggeta X's alt <cite>Veggeta_MAX posted [p:962302744] in Black Amer... [t:79880910]...</cite> <quote>I don't fully understand stocks and they're just too risky to put money in. </quote> ... Copied to Clipboard!
Lost_All_Senses 02/02/22 1:15:53 PM #33:	Man, if you didn't immediately understand why that is when reading the title, you really haven't been paying attention at all. Antifar posted... Is it something they're choosing not to participate in, or something they disproportionately lack the resources to participate in? This headline reminds me of all those articles about millennials not buying homes, like it's an aesthetic choice. Also, holy shit. How stupid some people are when they try to understand the idea of communism. "Grrr, I'm so mad at this thing I completely vilified in my head without even taking pause to realize my assumptions make literally no sense at all. I just am too jaded to understand people aren't all just dedicating their lives to trying to destroy people they're jealous of. " --- Name checks out "I don't wanna be the toughest, I just keep it 100 and think nothin of it"- Black Thought <cite>Lost_All_Senses posted [p:962302800] in Black Amer... [t:79880910]...</cite> <quote>Man, if you didn't immediately understand why that is when reading the title, you really haven't been paying attention at all. Antifar posted... </cite> <quote>Is it something they're choosing not to participate in, or something they disproportionately lack the resources to participate in? This headline reminds me of all those articles about millennials not buying homes, like it's an aesthetic choice.</quote> Also, holy shit. How stupid some people are when they try to understand the idea of communism. "Grrr, I'm so mad at this thing I completely vilified in my head without even taking pause to realize my assumptions make literally no sense at all. I just am too jaded to understand people aren't all just dedicating their lives to trying to destroy people they're jealous of. " </quote> ... Copied to Clipboard!
g980 02/02/22 1:30:15 PM #34:	Fam_Fam posted... too bad Wall Street is rigged and aims to cheat out retail investors out of their hard earned money with illegal and predatory practices such as naked shorting. its as if they don't want poor/average people to be able to be successful, and want to steal their money from them. @Fam_Fam how many bags of GME are you holding --- These old bones live to learn her wanton ways: (I measure time by how a body sways). <cite>g980 posted [p:962303159] in Black Amer... [t:79880910]...</cite> <quote>Fam_Fam posted...</cite> <quote>too bad Wall Street is rigged and aims to cheat out retail investors out of their hard earned money with illegal and predatory practices such as naked shorting. its as if they don't want poor/average people to be able to be successful, and want to steal their money from them. </quote> @Fam_Fam how many bags of GME are you holding</quote> ... Copied to Clipboard!
Fam_Fam 02/02/22 2:28:34 PM #35:	g980 posted... @Fam_Fam how many bags of GME are you holding only 10 :) don't ask me about AMC tho <cite>Fam_Fam posted [p:962304671] in Black Amer... [t:79880910]...</cite> <quote>g980 posted... </cite> <quote>@Fam_Fam how many bags of GME are you holding</quote> only 10 :) don't ask me about AMC tho </quote> ... Copied to Clipboard!
Sayoria 02/02/22 2:29:58 PM #36:	The rich are the ones widening the wealth gap***** --- Japanese Crack: http://www.dailymotion.com/video/x5pzggr <cite>Sayoria posted [p:962304698] in Black Amer... [t:79880910]...</cite> <quote>The rich are the ones widening the wealth gap***** </quote> ... Copied to Clipboard!
Alexanaxela 02/03/22 8:12:30 PM #37:	So yeah, first of all their is a definite lack of financial education about investing in schools. Black people just don't trust the stock market. I just started investing in the stock market at the beginning of October 2021. Like I'm trying to understand why my parents and my wife's parents and their friends never invested, and it's the same story about "it's too risky and I might possibly lose money." Like I try to explain they could dump the money into one stock that mimics the entire market and you would have made much more money the last 20 years compared to your 0.5% interest savings account, and that their retirement account money is actually in stocks, and they just look at me crazy and repeat "what if I lose money?" --- Tomorrow will be the most beautiful day of Raymond K. Hessel's life. His breakfast will taste better than any meal you and I have ever tasted. <cite>Alexanaxela posted [p:962345106] in Black Amer... [t:79880910]...</cite> <quote>So yeah, first of all their is a definite lack of financial education about investing in schools. Black people just don't trust the stock market. I just started investing in the stock market at the beginning of October 2021. Like I'm trying to understand why my parents and my wife's parents and their friends never invested, and it's the same story about "it's too risky and I might possibly lose money." Like I try to explain they could dump the money into one stock that mimics the entire market and you would have made much more money the last 20 years compared to your 0.5% interest savings account, and that their retirement account money is actually in stocks, and they just look at me crazy and repeat "what if I lose money?" </quote> ... Copied to Clipboard!
Topic List	Page List: 1

Current Events > Black Americans lack of participation in the stock market is widening wealth gap (+) Yeah! (+)

Current Events > Black Americans lack of participation in the stock market is widening wealth gap