Markets World Tech USA · World
S&P 500
7,757.64
+267.92   +3.58%
At close
Dow
54,036.93
+1,551.90   +2.96%
At close
Nasdaq
26,690.62
+1,316.77   +5.19%
At close
USD Index
99.60
-0.36   -0.36%
At close
Russell
3,034.49
+103.15   +3.52%
At close

Markets

Two in five Americans believe stock market only serves the top 1%

· Guardian Markets

Two in five Americans believe stock market only serves the top 1%

Exclusive Harris poll for Guardian reveals Americans’ assumptions about stock market and wider economy

Two in five Americans believe the stock market isn’t for them and only benefits the top 1%, according to a new Harris Poll poll exclusive to the Guardian that surveyed investing habits and knowledge about the economy.

The poll found a similar share of Americans had incorrect assumptions about the relationship between the economy and the stock market. Nearly 40% did not know that the economy and the stock market were not the same thing. And two-thirds of Americans incorrectly believed that a growing stock market means the overall economy is growing.

This survey was conducted online by the Harris Poll from 9-11 July, among a nationally representative sample of 2,154 US adults, with 1,667 reporting some level of investing.

Continue reading...