More Working-Class Americans Invest In Stocks As Market Access Broadens

Benzinga

More lower- and middle-income Americans are investing as commission-free apps and social media open Wall Street’s doors. Over half of $30K–$80K households now invest, marking a historic wealth shift amid record market gains.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:03A growing number of lower and middle-income Americans are joining the stock market,

00:07marking a historic shift in who participates in wealth building, according to the Wall Street

00:12Journal. Commission-free trading, investing apps, and social media have made markets more accessible,

00:20drawing new investors who once viewed Wall Street as out of reach.

00:23Surveys show that more than half of households earning between $30,000 and $80,000

00:28now have taxable investment accounts, with many investing for long-term goals like retirement.

00:34Nearly half of new investors have invested at least $5,000,

00:37and about 40% plan to hold their investments long-term for goals like retirement.

00:44Newer investors have benefited from unusually high market returns since 2020,

00:48as the S&P 500 surged nearly 130%, and valuations reached historic highs.

00:55Experts warn that newer investors have mostly known bull markets and could

00:58face losses if conditions change, but many say investing offers one of the few remaining paths

01:03to financial stability as homeownership becomes less attainable.

01:07For all things money, visit Benzinga.com.

Category

Transcript

Be the first to comment

Recommended