The number of people who say they’re buying or selling stocks has dropped dramatically over the past three years, according to the latest BBC Money study.
The number of Americans who say their holdings are more than 50% owned by people who make more than $100,000 has also fallen to the lowest level since 2007, according the report.
The BBC Money analysis shows that in January, almost 7 in 10 Americans (69%) said they were buying stocks.
The number who said they sold stocks was down to 46% in January from 72% in December, with about a third of those who said that they had sold stocks still holding them.
The share of Americans holding stocks in the first three months of 2017 was 7% – a three-year low, and the lowest since 2007.
The survey, conducted by Reuters and The Associated Press on behalf of BBC News, looked at the share of the population who said the following: “The average American household has a net worth of $100 million or more, with nearly a third holding stocks, a share of which is more than 100% owned.”
“It’s a big part of the reason why the economy is doing so well.”
“There are lots of other assets that are going up as well, and a lot of the money that has gone into them is going into these stocks.”
The average household’s net worth rose to $90,917 in January.
And, by a similar margin, the share who said their household was “extremely” or “very” invested in stocks fell to 9% from 11%.
The number saying they were “extremely or very” worried about the economy rose from 3% to 5%.
“That’s the first time it’s been lower in more than a decade,” said Paul Sohn, chief economist at Markit, which provided the data.
“The economy is getting stronger.
The US has added jobs and we’re in a recovery.
It’s a little bit of a cautionary tale, I guess, for those who were buying and sold.”‘
You don’t want to buy into bubbles’The UK economy grew at a solid pace of 3.1% in the fourth quarter and is expected to grow at an annual rate of 3% for the next six months.
But the US economy has continued to weaken, with the latest monthly jobs report showing an unemployment rate of 6.6%.
In a separate report from Markit on Tuesday, the US consumer confidence index rose to 50.4 in March, the lowest reading since April 2009.
“We’ve seen a lot more bad news for the US over the last two months,” said Markit’s Paul Smith.
“It’s been really, really bad news in the last month, but we’re still on the uptrend and in a very strong recovery.”
You don-t want to purchase into bubbles.
It makes sense to buy from a stable, reliable source.