The Decrease in Stock Ownership by Minority Households

13 Pages Posted: 1 Mar 2013

Abstract

White households are more likely to hold stock investments than minority households. Stock ownership rates of minorities generally increased between 1992 and 2001, but between 2001 and 2004 the rate decreased significantly for each minority group studied but did not significantly change for White households. Multivariate analyses showed that the predicted rates for White households did not significantly change, but Black, Hispanic, and other (mostly Asian) households had significantly lower predicted rates of stock ownership in 2004 than in 2001, indicating that factors other than those in the model accounted for the decrease in minority rates.

Keywords: racial/ethnic groups, risk tolerance, stock ownership, Survey of Consumer Finances

Suggested Citation

Hanna, Sherman D. and Lindamood, Suzanne, The Decrease in Stock Ownership by Minority Households. Journal of Financial Counseling and Planning, Vol. 19, No. 2, 2008. Available at SSRN: https://ssrn.com/abstract=2226523

Sherman D. Hanna (Contact Author)

Ohio State University (OSU) ( email )

1787 Neil Avenue
Campbell 265D
Columbus, OH 43210
United States
614-292-4584 (Phone)

Suzanne Lindamood

Independent ( email )

No Address Available

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