The Stock Market Redistributes from Non-Whites to Whites

Does that seem surprising? After all, people do choose to buy into the market voluntarily, why would African Americans and Hispanics buy stocks if the result was just to make white people richer? Well, I'm not talking about market manipulations, which may well have this result. I'm actually referring to an Urban Institute analysis of Social Security which was highlighted in an Economix blogpost by Eduardo Porter.

This methodology compares the benefits that each group receives by decade, start...