Solar Bear@slrpnk.nettopolitics @lemmy.world•Gov. Tim Walz doesn't own a single stockEnglish
171·
1 month agoActually most of us work for a living and don’t have the luxury of having enough money for investments to be practical in the first place, but I guess you can pretend it’s necessary to get by if it makes you feel better about it.
And of that 61%, only a third are directly investing. The rest get it as part of their compensation package for their work, which they can’t benefit from without penalty until retirement. Additionally, it skews heavily by race. It’s 66% of white families, but only 39% of black families and 28 percent of hispanic families. The amount invested follows similar trends.
https://www.pewresearch.org/short-reads/2024/03/06/a-booming-us-stock-market-doesnt-benefit-all-racial-and-ethnic-groups-equally/