Black, Hispanic and Latina Women Report Increased Confidence in Investing Knowledge and Build Generational Wealth, Finds New J.P. Morgan Wealth Management Study
- Black, Hispanic, and Latina women investors report increased investment knowledge and focus on generational wealth
- Women investors stay consistent in investing
- Investors not letting economic anxiety influence long-term strategy
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Women stay consistent with investing, while men are more risk-taking and active
Most investors concerned about a recession, but it isn’t impacting financial decisions
“Everyone should be building their wealth and J.P. Morgan is deeply committed to better serving all investors at every stage. Understanding the different needs, attitudes and priorities of every group is a key part of this work. We believe the most important thing is to outline your goals and get on a plan to achieve them,” said Kristin Lemkau, CEO of J.P. Morgan Wealth Management.
Here are 4 key takeaways from the J.P. Morgan Wealth Management 2023 Diverse Investor Study:
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Black, Hispanic and Latina women respondents have gained confidence in their investing knowledge in recent years. | ||
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2. | Most Black, Hispanic and Latina women respondents started investing to build generational wealth and support their family and friends. | ||
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These Black, Hispanic and Latina women investors say a motivation for why they started investing was: | |||
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to build wealth to pass down to future generations ( |
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to support my family and friends ( |
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3. | Despite ongoing volatility, women across races stay consistent with investing. Men are more risk-taking and active investors. | ||
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Male investors surveyed are more likely to describe their investing strategy as “risk-taking” ( |
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Male investors surveyed are twice as likely to check the status of their brokerage account once a week or more ( |
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4. | Overall, investors surveyed aren’t letting economic anxiety influence their long-term strategy. | ||
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“Our business and economy are stronger when it is more inclusive,” said Thelma Ferguson, Global Head of Diversity, Equity & Inclusion and Vice Chair of Commercial Banking at JPMorgan Chase. “Understanding the trends and habits of those communities that for so long have been excluded is an important step in making progress towards closing the opportunity and wealth gaps.”
J.P. Morgan Wealth Management is committed to expanding resources and access to investing in Black, Hispanic and Latino communities. Its “Building a New Legacy” local event series aims to create a space for Black, Hispanic and Latina women and their allies to learn about investing for their future legacy. Since kicking off the roadshow last year, the firm has hosted events in
JPMorgan Chase’s Advancing Black Wealth Tour is underway to help empower Black communities with financial insights on homeownership, entrepreneurship and investing, with recent stops in
Read more about the J.P. Morgan Wealth Management 2023 Diverse Investor Study findings here: https://www.chase.com/personal/investments/learning-and-insights/article/black-hispanic-and-latina-women-investors-report-increased-investment-knowledge
To learn about ways to invest with J.P. Morgan Wealth Management, visit: https://www.chase.com/personal/investments
Methodology
The J.P. Morgan Wealth Management 2023 Diverse Investor Study was conducted May 30 to June 13, 2023. The results are based on a sample of 1,017 American adults aged 25+ with at least
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Media Contacts
Jami Tanner
jami.tanner@jpmorgan.com
Michaela Ross
michaela.n.ross@jpmorgan.com
Source: JPMorgan Chase & Co.