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Blacks hold only $313 billion in stock market wealth compared to $41 trillion by whites

Blacks hold only $313 billion in stock market wealth compared to $41 trillion by whites

A recent report from Axios has brought to light the profound disparities in stock market wealth between Black and white Americans. As of the third quarter of 2024, Black Americans collectively held $313 billion in stocks and mutual funds, reflecting only a modest 3.4% increase over seven years. In stark contrast, white Americans’ holdings soared…

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