BlackRock Foundation Report Points to Increased Market Participation
Percentage of moderate-income families invested in the markets has increased by close to 200% since the start of the decade
- |
- Written by Banking Exchange staff
According to a new report by the BlackRock Foundation, the percentage of moderate-income families invested in the markets has increased by close to 200% since the start of the decade.
Experts point to an increase in investment information and awareness.
The study sites data from several million checking accounts of median incomes of about $50,000.
Initiatives to bank the unbanked have also impacted lower-income families, as have positive market results, making news despite inflation disproportionately impacting lower-income Americans.
More than 60% of American adults own stocks, with education levels and income levels still being two major factors.
Tagged under The Economy; Lending; Feature3; Feature; Bank Performance; Risk Management;
