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26 Jan 2024

Young Black Americans Are The Fastest-Growing Group Of Stock Buyers

Federal Reserve data from 2022 indicates that Black Americans owning stocks [rose to nearly 40%](https://afrotech.com/stock-market-participation-was-higher-among-young-black-investors) from under a third in 2016. In contrast, white households with stocks increased slightly to two-thirds, from 61%. Young Black adults, especially those under 40, are leading this growth, with nearly 70% investing in stocks, informed by access to mobile trading apps, commission-free platforms, and social media. Their participation outpaces that of their white counterparts' 60% in the same demographic. This investment trend surged before the stock market's 2023 rally.