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A study from Charles Schwab and Ariel Mutual Funds found that black people are 35% less likely to invest in the stock market. Based on both blacks and whites who earned over $50,000 a year, the findings show a huge disparity between races. In simple terms, white men and women have the opportunity to increase their wealth opposed to 35% of the black community. Experts warn that shrinking this gap is essential for minority communities but is it possible? The data shows that the disparity is based on social and cultural differences which are difficult to transform. Still, there seems to be light at the end of the tunnel.
