Even ordinary white childhoods produced early stock-ownership habits

Evidence

You don’t need to have Mayflower ancestry to benefit from the disparity either. Take Susan, a white woman in her sixties who had a long career as a corporate executive. Susan bought herself three shares of stock when she was in middle school, using her babysitting money. She doesn’t remember her parents ever encouraging her to buy stock, but she does remember learning about the stock market at her junior high school outside of Evanston, Illinois—which she describes as “a public school in the whitest, least diverse suburb in the world.” After learning about the market, she purchased three shares of stock: one in a now-defunct company, one in Marshall Field’s (the former department store now owned by Macy’s), and one in McDonald’s. — Dorothy A. Brown, The Whiteness of Wealth, 449