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IPFS News Link • Stock Market

Stock Ownership Rate Plunges as Credit Card Debt Soars

•, by Mike Mish Shedlock

Stock Ownership Rate Collapses

One way to support consumption is to sell your stocks. Many did just that.

A May 2017 Gallup survey shows U.S. Stock Ownership Down Among All but Older, Higher-Income.

Here's the Gallup 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?

Ownership Distribution

Heading into retirement, only 54% of those 65 or older own "any" stocks, down from 62% in 2008.