The 2009 plunge in the Dow Jones Industrial Average that came on the heels of the financial meltdown has left a lasting impression on Americans, most of whom still haven't returned to investing.
According to the Gallup annual Economy and Finance Survey, while the numbers have come up a tad from where they were in 2013 — at just 52 percent — their 2015 level, at 55 percent, is still down considerably from where they were in 2007, when 65 percent of Americans put money into the stock market.
All age groups lost ground among those invested in stocks — whether through individual equities, mutual funds or a 401(k) or IRA — but older people abandoned the market in greater numbers and are staying away longer, especially among middle-income-level households.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.