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A lot of Black Americans under the age of 40 started investing in the stock market during the pandemic.

That’s the conclusion of a new survey from Charles Schwab and Ariel Investments: 30% of Black investors under 40 got into the market for the first time in 2020, according to the survey. 

One night last spring Rachel Tooley was scrolling Instagram, and she stumbled across a story from some random guy about stocks and investing. 

“That night, I think I spent like four or five hours going through like every post he ever made, because he made it so relatable,” said Tooley.

Tooley already knew about stocks. She works for Apple in Atlanta, and she gets shares a couple of times a year. “But every time I got them, I would just sell them just to get the money.”

But when she came across that random post that sent her down a rabbit hole? The pandemic had just started and she’d just broken up with her boyfriend. 

“And so I got all that time back to myself. And I was just like, well, I’m about to try to do something with this time,” Tooley said.

That something has been investing.

Part of the reason that more young Black Americans are getting into the stock market for the first time is because it’s gotten much easier to invest, online and for free, according to John Rogers Jr., chief investment officer at Ariel. “But also I think what’s happened this last year, of course, was this extraordinary rise in the stock market in general.”

Which he said generated a lot of interest from people who’d never invested before.

Overall, Black Americans are still less likely than white Americans to have money in the market. But, for those under 40, there’s no longer a gap. Which is a big deal, Rogers said.

“Because of the way that African Americans came to this country and the segregation that we faced, and all the other challenges that we face, we are so far behind in this race. And when you don’t have multigenerational wealth, you get further and further behind,” he said.

And because Black families have so much less generational wealth, Rogers said, historically, they haven’t talked as much about how to build wealth. 

But, that is changing, too. 

Nearly 40% of Black Americans surveyed say they talk about the stock market now versus just 10% who did growing up.

Tevin Geter said he never did. “My family and my friends, like, they’re living paycheck to paycheck, so there’s not a whole lot of excess money to put into a savings account, let alone a brokerage account.”

But in the last year, Geter, who’s 27 and lives in Nashville, has taught himself a ton about investing. And now he’s trying to share what he’s learned with his family and friends.

“If I can be that person that’s able to plant these seeds in other people’s lives then it wouldn’t make sense for me to not at least try,” he said.

 Because, Geter said, just a year in, investing has already changed his life. It’s allowed him to quit one of the two jobs he was working before just to get by.

Can businesses deny you entry if you don’t have a vaccine passport?

As more Americans get vaccinated against COVID-19 and the economy begins reopening, some businesses are requiring proof of vaccination to enter their premises. The concept of a vaccine passport has raised ethical questions about data privacy and potential discrimination against the unvaccinated. However, legal experts say businesses have the right to deny entrance to those who can’t show proof.

Give me a snapshot of the labor market in the U.S.

U.S. job openings in February increased more than expected, according to the Labor Department. Also, the economy added over 900,000 jobs in March. For all of the good jobs news recently, there are still nearly 10 million people who are out of work, and more than 4 million of them have been unemployed for six months or longer. “So we still have a very long way to go until we get a full recovery,” said Elise Gould with the Economic Policy Institute. She said the industries that have the furthest to go are the ones you’d expect: “leisure and hospitality, accommodations, food services, restaurants” and the public sector, especially in education.

What do I need to know about tax season this year?

Glad you asked! We have a whole separate FAQ section on that. Some quick hits: The deadline has been extended from April 15 to May 17 for individuals. Also, millions of people received unemployment benefits in 2020 — up to $10,200 of which will now be tax-free for those with an adjusted gross income of less than $150,000. And, for those who filed before the American Rescue Plan passed, simply put, you do not need to file an amended return at the moment. Find answers to the rest of your questions here.

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