|Only Half of All Americans Invested in Stocks|
U.S. stocks may be hitting new highs on nearly a daily basis, but many aren't enjoying the benefits of the rally.
Stock ownership among Americans is at a record low. Just 52% of adults say that they or their spouse own any stocks, either individually or through funds. That's according to Gallup, which began tracking this in 1998.
The sharpest decline is among middle-income Americans, classified as those earning between $30,000 and $75,000. In 2008, about 66% of middle class Americans owned stocks, compared to just 50% now.
The Gallup poll was conducted in April, after the Dow and S&P 500 rose beyond 2007 levels to new records.
The percentage of overall Americans who own stocks has been falling steadily since the financial crisis. Ownership peaked at 65% in 2007. It has been below 60% since 2009, even as the broader market has bounced back from the March 2009 lows.
According to Gallup, part of the reason fewer Americans are invested in stocks may be due to their inability to buy in. Stock ownership stood north of 60% when unemployment was relatively modest. But ever since the recession took hold and unemployment spiked, ownership has been on the decline.
The opinions expressed do not constitute investment advice and specialist advice should be sought about your specific circumstances.
Published on our website on May 10, 2013