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News Link • Stock Market

Stock Ownership Rate Plunges as Credit Card Debt Soars

• https://www.themaven.net, 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.

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