I can’t afford lottery tickets either.
The majority of the people unfortunately are not smart enough to know mutual funds are stocks.
the same half that have $0 in savings
These are the 48% who think government will save them no matter what
May not be a bad thing.
I’m surprised that 48% DO own stocks. My guess would have been about 20-25% I would think that very few people with a household income of less than $50,000 - a very large chunk of the public - would invest in stocks, because they have little if any disposable income.
They might be better off ... if they have put their money instead into tangible assets.
Over 50 percent don’t pay taxes. Over 50 percent are below average intelligence. Over half of the country are idiots. Unfortunately those of us that have been saving since 18 in my case are going to have to support these idiots because I don’t see the united States letting these folks fall on their swords even though I wish they would.
That would stand to reason with 60-70% of the volume HFT churning...
It appears about 60% of American’s have figured out Wall St. is totally 100% manipulated by corrupt insiders and those with extreme wealth. The same exact one’s that can take a big financial hit and still go on those Learjet vacations. While other insiders know what’s coming and quietly and quickly switch the deck.
Maybe they should be forced to play the stock market charade? The more in, the more there is to be looted. A win win for the insiders.
stocks are so overrated - right now the Obama Administration has propped up the stock market so some believe the uS economy is going great. in actuality the Us is on the brink of financial collapse
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Since all those proceeds had to be invested every month stock became nothing but a speculative scheme with equity being reduced every month. When I was in college, a maximum of 7 times earnings was an investment, 10 times earnings was speculation and today most are over 15 times earnings.
On the other hand, at my age, stocks should be a smaller part of the portfolio anyway. (Not 0 though.)
What do these morons think their pensions are invested in? Obama Love Juice?
I have owned stocks over the years and I made way more then I could save on my own. I almost lost what I had several years ago on a bad stock. Now I have it back to where I was several years ago. I just need to have in go up in value 10 times for me after taxes to retire. I currently own 1 stock and it is Apple. Bought at $86 and it is currently at $127
Any recommended stocks to buy that get me rich quick : )
I would like a stock like TRW which was about $2.50 in March 2009 and is now $105. I guess anyone involved in stock has a story about the one that got away.
I coulda been rich but that brass ring got past me...
This article has the same problem as another recent article that pointed out that many adults were not saving.
The pool of retirees skews the results. For a lot of retirees, 401(k)s were not available during their savings years. My 93-year old mother has CDs, bonds, social security, and a very nice annuity. That’s what you would expect for a 93-year old. Being in a nursing home, her savings are decreasing each year. That’s what happens for many retirees. That’s why they save in the first place.
They you have the other end of the spectrum - the young people. The whole pool of college students is included in these studies and most of them don’t own stocks.