High-income Blacks invest in stocks less than similar Whites

April 1998
Jet;04/27/98, Vol. 93 Issue 22, p18
Focuses on a study conducted by the Ariel Mutual Funds in Chicago and Charles Schwab & Company, which stated that Blacks who earn incomes of $50,000 or more do not invest in the stock market as much as Whites with similar incomes. Discussion on the impact of this decision by Blacks on their retirement; Reason Blacks refrain from investing in stock markets.


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