1150: How a Black-Owned Trading Firm is Helping to Narrow the Racial Wealth Gap

<p>There are many reasons for the existing racial wealth gap. The fact that most Black households don't invest does not help.</p><p>According to the Federal Reserve only 33.5% of Black households owned stocks in 2019, according to data released recently by the Federal Reserve. Among white households, the ownership rate is nearly 61%.</p><p>Guests Ernest Gains and Latoya Smith are expert investors and the founders of a Black-owned stock market and trading education company called <a href="https://theprofitroom.com/">The Profit Room</a>, which seeks to educate students on how to confidently invest in the market and build wealth.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>