Nearly three out of four
Americans continue to shun stock markets, according to a new survey released
Monday.
Despite tiny interest
returns on savings accounts and CDs, and stock market returns that topped 30%
last year, U.S. investors aren’t returning to trading exchanges, says the
survey by Bankrate.com,
an online aggregator of financial rate data.
The survey found similar
results across all income levels and age groups, the company said.
“Americans
may be avoiding the buy-high, sell-low habit seen in previous market cycles,
but only because they’re not buying at all,” said Greg McBride, the company’s
chief financial analyst.
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