When Charles Schwab and Ariel Mutual Funds conducted their first annual Black Investor Survey at the premier Ariel-Schwab Black Investor Summit a decade ago, 57% of Blacks said they owned stocks or mutual funds. Today, that number remains the same. However, in 2002, it peaked at 74%, while in the past 10 years, the number of Whites who own stocks or mutual funds has hovered around 80%.

And of those earning more than $50,000 a year, Blacks' median retirement savings is $48,000, less than half of the $100,000 that Whites have saved. Among those already retired, Blacks have a median savings of $73,000, whereas Whites have $210,000.

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