Thursday, May 25, 2017

Stock Ownership Has Declined

The stock market has been doing well lately, but fewer Americans are benefiting from it, reports Gallup. The percentage of adults who own stock is below the level prior to the financial crisis in 2008. Gallup asked the question: "Do you personally, or jointly with a spouse, have any money invested in the stock market right now—either in an individual stock, a stock market fund, or in a self-directed 401(k) or IRA?" Here are the responses...

Percent owning stock today (and percentage point change since 2008)
Total 18-plus: 54% (–8)
Aged 18 to 29: 31% (–11)
Aged 30 to 49: 62% (–9)
Aged 50 to 64: 62% (–7)
Aged 65-plus: 54% (+1)

Source: Gallup, US Stock Ownership Down among All but Older, Higher-Income

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