Poll: Blacks less likely to invest in stocks
By Sandra Block, USA TODAY
The percentage of African-Americans with money invested in stocks and mutual funds plummeted last year, and less than half of high-income black investors believe the stock market is the best place for long-term investments, a survey reports.
Only 61% of African-Americans have money in the stock market, vs. 74% in 2002, according to the annual Ariel-Schwab Black Investor Survey.
That's close to the 57% level in 1998, the first year of the survey.
By contrast, the percentage of whites with money invested in the stock market has remained at about 79% in the past five years, the study found.
http://www.usatoday.com/money/perfi/stocks/2003-06-24-ariel_x.htm
By Sandra Block, USA TODAY
The percentage of African-Americans with money invested in stocks and mutual funds plummeted last year, and less than half of high-income black investors believe the stock market is the best place for long-term investments, a survey reports.
Only 61% of African-Americans have money in the stock market, vs. 74% in 2002, according to the annual Ariel-Schwab Black Investor Survey.
That's close to the 57% level in 1998, the first year of the survey.
By contrast, the percentage of whites with money invested in the stock market has remained at about 79% in the past five years, the study found.
http://www.usatoday.com/money/perfi/stocks/2003-06-24-ariel_x.htm