While the investing gap between black and white Americans is narrowing, it's still significant. What's more, there is no one single reason for discrepancy.
In 2015, 67% of black households earning $50,000 or more invested in stocks or mutual funds, versus 86% of similar white households.
And according to Business Insider, Duke University researchers say the median black household holds just 10% of the wealth of the median white household.
Business Insider reports the wealth gap has made it harder for blacks to invest, because they have less cash on hand they can afford to tie up in the market.
Not only that, but even if black Americans have money to invest, they aren't likely to have inherited wealth from previous generations.
Fortunately, today there are countless free ways to learn about investing, and simple smartphone apps to help people get started.