Our fiscal year ends tomorrow. Can you chip in $50, $25 or even $10 to help us reach our goal?
A handful of new tech companies are hoping to bring new people into the stock market
Share Now on:
Federal Reserve data show that just 14 percent of U.S. families own stock directly, and only 52 percent have a retirement account. It’s a highly skewed group: White households are far more likely to hold stock than black or Hispanic households, while the vast majority of stock holdings belong to the wealthiest 5 percent. Economists say that these trends are reinforcing patterns of inequality, by making it less likely that certain groups will ever create new wealth. Could technology change that? Recently, a handful of new apps have begun attracting first-time investors — but economists warn that whether these new traders ever build wealth will depend on how they use the new tech.
Click the above audio player to hear the full story.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.