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RE: He's also a ****ing idiot. #facts(nm)
Posted on: July 16, 2024 at 15:07:02 CT
90Tiger STL
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Not only are White families and households more likely to own stocks, but stocks also make up a greater share of White individuals’ overall wealth.
A recent study from the Federal Reserve Bank of New York found that 35% of White Americans’ individual financial wealth is invested in stocks and mutual funds, versus 8% and 14% for Black and Hispanic Americans’ financial wealth, respectively. The New York Fed researchers noted that people with more of those kinds of investments tended to see their wealth grow faster between 2019 and 2023 than people with less of them because those types of assets increased in value especially rapidly over that period.
A recent study from the Federal Reserve Bank of New York found that 35% of White Americans’ individual financial wealth is invested in stocks and mutual funds, versus 8% and 14% for Black and Hispanic Americans’ financial wealth, respectively. The New York Fed researchers noted that people with more of those kinds of investments tended to see their wealth grow faster between 2019 and 2023 than people with less of them because those types of assets increased in value especially rapidly over that period.
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RE: He's also a ****ing idiot. #facts(nm) - 90Tiger STL - 7/16 15:07:02
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