Now seems like a great time to invest in the stock market, which has continued its bullish ways this year. But then why has stock ownership reached a 15-year low?
Gallup' annual Economy and Finance survey, conducted April 4-14, found that only 52% of Americans currently are playing the market. That' the lowest rate since at least 1998, when Gallup began tracking stock ownership. Even that figure is deceptive because about half of Americans who do own stock do so only through pension funds, mutual funds and other accounts they don't control.
Meanwhile, the Dow Jones Industrial Average reached 15,000 recently, for the first time ever.
The largest decline in stock ownership was a 16 percent drop seen among middle-income Americans earning between $30,000 and $74,999. Stock ownership among middle-aged Americans, between 30 and 64 years old, has also declined significantly, by approximately 10 percent.