anybody investing in UONE, folks predicting it to rip tomorrow?
Boiler Room: The Official Stock Market Discussion
Chrishaune
Veteran
Markets will like this
I wouldn't touch it at this point.
It got pumped off of the strength of 45's platinum plan.
Investors may have a change of heart regarding trump winning after today.
Uone is considered a "BLM" stock by daytraders.
Stealing this post for a thread in TLR:
@ogc163 @No1
The Racial Wealth Gap in America: Asset Types Held by Race
Published
4 months ago
on
June 12, 2020
By
Jenna Ross
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The Racial Wealth Gap
People of color have faced economic inequality for generations, and the recent wave of Black Lives Matter protests has renewed discussions on these disparities.
Compared to White families, other races have lower levels of income and net worth. They are also less likely to hold assets of any type. In fact, 19% of Black families have zero or negative net worth, while only 9% of White households have no wealth.
Today’s chart uses data from the U.S. Federal Reserve’s triennial Survey of Consumer Finances to highlight the racial wealth gap, and the proportion of households that own different kinds of assets by racial group.
Asset Types Held By Race
The financial profile between racial groups varies widely. Below is the percentage of U.S. families with each type of asset, according to the most recent survey from 2016.
White Black Hispanic Other
Primary Residence 73% 45% 46% 54%
Vehicle 90% 73% 80% 80%
Retirement Accounts 60% 34% 30% 48%
Family-owned Business Equity 15% 7% 6% 13%
Publicly-traded Stocks 61% 31% 28% 47%
Vehicles are the most common asset across all racial groups, followed by a primary residence.
However, the level of equity—or home value less debts—families have in their houses differs by race. White families have equity of $215,800, whereas Black and Hispanic households have net housing wealth of $94,400 and $129,800 respectively.
In addition, White households are more likely to hold financial assets such as retirement accounts, family businesses, and stocks. These assets are instrumental in building wealth, and are prominent in the wealth composition of America’s richest families.
With fewer people of color holding these assets, they miss out on higher average returns than low-risk assets, as well as the power of compound interest. These portfolio differences are striking, but they are not the most important contributing factor in the racial wealth gap.
Demographic and Economic Variations
White households are also more likely to have demographic characteristics that are associated with wealth. According to the U.S. Federal Reserve, they are:
For example, 39% of White heads of households have a bachelor’s degree or higher, compared to 23% and 17% for Black and Hispanic household heads, respectively. However, education doesn’t fully explain the wealth inequities.
- Older, with more than half of households age 55 and up
- More highly educated, with 51% having some type of degree
- Less likely to have a single parent
- More likely to have received an inheritance
Enormous wealth disparities exist between families with the same education level. Even in cases where Black and Hispanic household heads have obtained a bachelor’s degree, their families’ median wealth of $68,000 and $78,000 respectively is still lower than the $98,000 median wealth for White families where the head has no bachelor’s degree.
After accounting for demographic factors, researchers still found there were considerable inequities. What, then, could be primarily responsible for the racial wealth gap?
The Income Gap@
While previous research found that the wealth gap is “too big” to be explained by a difference in income, a recent study from the Federal Reserve Bank of Cleveland offers a new perspective. Focusing on White and Black U.S. households only, researchers analyzed the dynamics of wealth accumulation over time, as opposed to previous studies that considered short time periods.
They found that income inequality was the primary contributor to the racial wealth gap. According to the model, if Black and White households had earned the same labor income from 1962 onwards, the Black-to-White wealth ratio would have reached 0.9 by 2007.
Moving forward, the study concludes that policy changes will likely have a positive impact if they address issues contributing to income gaps. This includes reducing racial discrimination in the labor market, and creating programs, such as mentorships, that improve environments for specific racial subgroups.
The Racial Wealth Gap in America: Asset Types Held by Race
@ogc163 @No1
Saysumthinfunnymike
VOTE!!!
Haven't watched yet but I'm familiar here's a question tho when is the expected merger date, what quarter because if it's sitting at near $14 right now I'd expect it to drop some if the merger is out a ways you know how these things fluctuate like hell
It wasn't exactly clear, but i thought I read somewhere in 2 or 3 weeks. They're trying turn over quick.
it looks like this is why SPACs took a hit a few days ago...
Blank check stocks tumble as SEC plans greater scrutiny (NASDAQ:DPHC) | Seeking Alpha
...that being said it looks like FMCI might be in for a good day...already up 13% in the pre-market
Blank check stocks tumble as SEC plans greater scrutiny (NASDAQ:DPHC) | Seeking Alpha
...that being said it looks like FMCI might be in for a good day...already up 13% in the pre-market
SBE taking off in pm
what was the trade?