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.
Nearly two-thirds of White families (66%) owned stocks directly or indirectly, compared with 39% of Black families and 28% of Hispanic families.
Most households own a combination of physical and financial assets. Physical assets include items such as a home, a car or jewelry. Financial assets include checking and savings accounts, retirement accounts, and stocks, among others. Our focus in this chapter is on the importance of the various assets to household portfolios and the debt households […]
28% of Americans rate economic conditions as excellent or good, a 9 percentage point increase from last April. And the share who say economic conditions will be worse a year from now has fallen during this timespan, from 46% to 33%.
We asked researchers how they used the newest generation of large language models to analyze roughly 24,000 podcast episodes.
While Black-owned businesses have grown significantly in the U.S. in recent years, they still make up a small share of overall firms and revenue.
About one-in-four Black households and one-in-seven Hispanic households had no wealth or were in debt in 2021, compared with about one-in-ten U.S. households overall.
The median wealth of immigrant households increased by 42% from December 2019 to December 2021.
The increase in the wealth of U.S. households from 2019 to 2021 was spread widely across racial and ethnic groups. Despite improved fortunes, Black, Hispanic and multiracial households trailed White and Asian households by large margins from the following perspectives, both before and after the pandemic: How wealth varies by race and ethnicity Asian households […]
16 states and the territory of American Samoa still observe the second Monday in October as an official public holiday exclusively called Columbus Day.
When Republicans take stock of the national climate for political discourse, they see a much more hospitable environment for Democrats.