White Americans are benefiting most from the stock-market boom — here’s who is missing out

The quickest way to gain wealth over the past few years was by investing in the stock market, which rose faster than housing and other assets — but that wealth hasn’t been distributed evenly among Americans.

Inequality by race and age in the U.S. persists in part because ownership of financial assets varies widely between different groups, according to the Federal Reserve Bank of New York’s latest report on wealth inequality, released Wednesday. For example, more white households hold equities and mutual funds, which have…