Building a Financially Capable America Through Education and Research

This research, Bridging the Divide: A Closer Look at Changes in the Racial and Ethnic Composition of Investor Households, explores the racial and ethnic composition of investors over a six-year period. The findings suggest that while African American and Hispanic/Latino adults continue to be under-represented in the investor ranks, once sociodemographic variables are controlled for, the gap in the likelihood of owning a taxable investment account between white and African American and Hispanic/Latino adults closes substantially.

These competitive grants help public and academic libraries meet the financial education needs of their communities and foster financial inclusion.

The FINRA Foundation congratulates Shawn Spruce, recipient of the 2021 Ketchum Prize for Outstanding Contributions to the Advancement of Financial Capability and Investor Protection in the United States. Mr. Spruce is a tireless champion of financial and investor education in Native communities.

In order to expand the pipeline of researchers from racial and ethnic backgrounds, the FINRA Foundation offers fellowships to advanced doctoral candidates pursuing dissertation research centrally concerning financial services and capital markets

These research studies examine factors that contribute to fraud victimization and scam susceptibility as well as interventions and preventative measures aimed at protecting consumers.