black…MYstory

Just like the polar bear, another species is facing near-extinction…the black stock owner.

After reaching a high of 34% in 2001, stock ownership among black folks dropped to 22% in the years between 2001-2004.  The rate of white ownership remained steady, dropping less than a percentage point from a high of 57.5%.

I can’t lie…seeing the mess on Wall Street play out and knowing the irresponsibility of some who run these companies, I am hesitant to trust them with my hard-earned bucks.  However, I also know that building wealth is important for us, as a people, and we need to be in the game in order to benefit from it.

Hopefully, faith can be restored and we can get back to the wealth-creation in which we, as black people, so desperately need to involve ourselves.

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