A booming U.S. stock market doesn’t benefit all racial and ethnic groups equally
Nearly two-thirds of White families (66%) owned stocks directly or indirectly, compared with 39% of Black families and 28% of Hispanic families.
Numbers, Facts and Trends Shaping Your World
Nearly two-thirds of White families (66%) owned stocks directly or indirectly, compared with 39% of Black families and 28% of Hispanic families.
The median wealth of immigrant households increased by 42% from December 2019 to December 2021.
Generation Xers were hit particularly hard in the recession. Yet Gen Xers are the only generation of households to recover the wealth they lost in the downturn.
The median wealth of white households was 13 times the wealth of black households and 10 times that of Hispanic households in 2013, compared with eight and nine times, respectively, in 2010.
While the stock market has been surging, there is a big gap who who benefits that has implications for the strength of the economic recovery.
Until the housing market and home equity levels fully recover, the typical American household still has a ways to go.
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