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<blockquote data-quote="DriveInDriѵeOut" data-source="post: 5832234" data-attributes="member: 44954">So pensions are actually keeping the black man down.....&nbsp; hmmm.“Much of the divergence in net worth by race and ethnicity since 2019 can be attributed to divergence in the real values of financial asset holdings,” wrote the report’s authors — including the fact that Black households have more wealth concentrated in pensions than in stocks, mutual funds and exchange-traded funds, or ETFs.More than 50% of Black financial wealth is invested in pensions, the New York Fed found. Less than 20% of Black wealth is stored in private businesses, corporate equities, and mutual funds. In contrast, less than 30% of white financial wealth is invested in pensions, with about 50% invested in businesses, equities, and mutual funds.“Black workers are still more likely to be unionized, which may play a part in the pension story,”</blockquote>

[QUOTE="DriveInDriѵeOut, post: 5832234, member: 44954"] So pensions are actually keeping the black man down..... hmmm. [I]“Much of the divergence in net worth by race and ethnicity since 2019 can be attributed to divergence in the real values of financial asset holdings,” wrote the report’s authors — including the fact that Black households have more wealth concentrated in pensions than in stocks, mutual funds and exchange-traded funds, or ETFs. More than 50% of Black financial wealth is invested in pensions, the New York Fed found. Less than 20% of Black wealth is stored in private businesses, corporate equities, and mutual funds. In contrast, less than 30% of white financial wealth is invested in pensions, with about 50% invested in businesses, equities, and mutual funds. “Black workers are still more likely to be unionized, which may play a part in the pension story,”[/I] [/QUOTE]

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