Even when controlling for factors such as income, a FINRA study has found that white households are more likely than either black or Hispanic households to have a taxable investment account.
The study, “A Snapshot of Investors in America,” from the FINRA Investor Education Foundation, found that while about 6 out of every 10 U.S. households have securities investments, whether through taxable accounts, IRAs, or employer-sponsored retirement plans, that number drops substantially when only taxable accounts are considered—to just over 3 out of 10.
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