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Podcast: Earn Your Leisure
Episode: Black Investors Are The Biggest New Group of Stocks Buyers
Description: 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 in...