Venessa Wong
Venessa Wong Personal Finance Reporter MarketWatch Venessa Wong is a personal finance reporter for MarketWatch based in New York City. She previously covered business, inequality and culture during her tenure at BuzzFeed News, and reported on the food industry for Bloomberg. Venessa is a graduate of the Columbia Journalism School and Middlebury College. Follow her on Twitter @venessawong.
57%
The Daily's Verdict
This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.
Bias
85%
Examples:
- The article implies that only white Americans are benefiting from the stock-market boom, ignoring the diversity of investors and ownership across different groups.
Conflicts of Interest
50%
Examples:
- The article does not disclose any potential conflicts of interest for the author or the sources.
Contradictions
100%
Examples:
No current examples available.
Deceptions
30%
Examples:
- The article does not provide enough context or nuance for the reader to understand the complexities of wealth inequality in the U.S.
- The article uses selective data and statistics to present a biased view of who is missing out on the stock-market boom.
Recent Articles
The Pandemic Widened The Wealth Gap Between White And Black Americans, Despite Government Support And A Strong Job Market.
Broke On: Sunday, 11 February 2024The wealth gap between white and Black Americans has widened during the pandemic, despite government financial support and a strong job market. White individuals saw an increase in real net worth by 30 percentage points compared to Black households' growth of only 9 percentage points. This disparity is not solely due to differences in stock ownership; it also stems from the fact that more than half of Black financial wealth is invested in pensions rather than stocks and mutual funds. Additionally, during the pandemic, the real value of Black-held financial assets dropped below their 2019 level while Hispanic-held assets remained relatively stable.