S&P 500 and Dow Hit Record Highs While Less than Half of People Own Stocks

Dow hits 17000 and S&P 500 record high while less than half of people own stocks
As both the Dow Jones industrial average and S&P 500 index hit record highs, most of the nation doesn’t have much to celebrate. That’s because less than half of Americans actually own stocks these days, so there is no financial benefit to the recent records in the market. The Dow Jones industrial average surpassed 17,000 points for the first time last Friday, and the S&P 500 hit an all time high, but many are taking in the news with little more than indifference.

While stocks hit their records boosted by a better than expected June jobs report, the record highs aren’t creating a lot of buzz for the average American worker. That may at first seem surprising, but whe


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3 Responses to S&P 500 and Dow Hit Record Highs While Less than Half of People Own Stocks

  1. Daniel says:

    I don’t mean to be racist or xenophobic, but I think another reason of the decrease in the percentage of stock owners is the larger presence of other cultures in the American working class over the years. I say that ’cause I’m from a Latin country, where stock ownership isn’t as culturally widespread as in the US. Instead, most people use only saving accounts or buy government bonds (due to the fact that these countries usually have higher interest rates than the US). So it’s not just a financial matter, but also cultural.

  2. Gailete says:

    I’m not wealthy by a long shot, but I do own stocks. Not a large amout, but some as I try to invest a little money every monthh into Sharebuilders and when I have enough cash saved up in the account, I then buy some more stocks. Currently my portfolio is up by around 30% from what I bought the stocks at. One of the stocks has nearly doubled since I bought it. Having most of my savings in stocks helps to keep me from raiding that money when things get tough and there isn’t a lot of money to pay bills, like this week.

  3. Gary says:

    Some people put their money in stocks and some people smoke pot. Then the people who wasted their money on pot get mad at the people who became rich in stock and want equality and money from them.

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