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Women of color, in particular, have taken advantage of this, according to Angela Fontes, director of the behavioral and economic analysis and decision-making program at social research firm NORC at the University of Chicago. Her research found that 17% of the brokerage accounts opened by women in 2020 were opened by Black women, while 11% of accounts opened by men were opened by Black men.

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Content Type: NORC News Article
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