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Understanding the Importance of Commonality When It Comes to Retirement Advice
Employee Benefits Research Institute [EBRI]Link to more items from this source
July 2, 2021

"Black and Hispanic Americans were asked if 'working with an advisor who has had a similar upbringing or life experience as you' was an important criterion: 61 percent of Black respondents and 57 percent of Hispanic respondents, vs. 41 percent for White respondents, said this criterion was important. However, ... [only] 45 percent [of female workers said] this was important. Also of less importance to female workers was whether the advisor was the same gender as them: Only 27 percent said this was important, compared with 39 percent of males."

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