Earn Your Leisure

Black Investors Are The Biggest New Group of Stocks Buyers

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Sinopsis

In this video, Rashad Bilal, Troy Millings, and Ian Dunlap discuss the findings of a survey conducted by Ariel Investments and Charles Schwab, revealing an encouraging trend in the world of investing. Ariel Investments, the first black-owned mutual fund company in the world, collaborated with Charles Schwab to unveil insights about the growing participation of young black Americans in the stock market.Young black Americans are the fastest-growing demographic in terms of stock market investors. According to Federal Reserve data, the percentage of young black Americans actively investing has risen from 33% in 2016 to 40% in 2022. Furthermore, 2022 Ariel-Schwab survey data indicates that 68% of African Americans under the age of 40 are actively investing, surpassing their younger white counterparts at 57%The Market Mondays hosts express their pride in having played a part in this positive shift by providing information, insights, and encouragement to individuals looking to venture into the stock market. They emp