Business Services Industry
The Dallas Morning News Personal Finance Column.
Knight Ridder/Tribune Business News, June, 2002
By Pamela Yip, The Dallas Morning News Knight Ridder/Tribune Business News
Jun. 24--The percentage of blacks earning more than $50,000 a year who invest in the stock market is up a whopping 30 percent, according to the results of a survey by Charles Schwab & Co. and Ariel Capital Management.
In the same period, stock ownership among whites with comparable incomes rose 4 percent, according to the 2002 Ariel Schwab Black Investor Survey.
"Every new investor represents another positive step toward wealth-building and offers the promise of greater financial security and opportunity for the entire African-American community," says David Pottruck, president and co-chief executive of Charles Schwab.
In addition, 74 percent of...
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