{"id":14887,"date":"2013-11-18T13:40:34","date_gmt":"2013-11-18T18:40:34","guid":{"rendered":"https:\/\/beta.pewresearch.org\/pewresearch-org\/short-reads\/%year%\/%monthnum%\/%day%\/dow-soars-but-only-about-half-of-americans-will-benefit\/"},"modified":"2024-04-14T03:24:48","modified_gmt":"2024-04-14T08:24:48","slug":"dow-soars-but-only-about-half-of-americans-will-benefit","status":"publish","type":"short-read","link":"https:\/\/beta.pewresearch.org\/pewresearch-org\/short-reads\/2013\/11\/18\/dow-soars-but-only-about-half-of-americans-will-benefit\/","title":{"rendered":"Dow soars, but only about half of Americans will benefit"},"content":{"rendered":"

The stock markets have been on a tear this year, epitomized today by both the Dow Jones industrial average and the S&P 500 index hitting round-number milestones. The Dow crossed 16,000<\/a> and is up about 22% this year; the S&P briefly popped above 1,800 and, though it’s slipped back below that level, is still up about 26% for the year.\u00a0But only about half of Americans — especially those who tend to be white, wealthy and more educated<\/a> — will see any benefit from surging stocks.<\/p>\n\n

\"gallup_stockownership\"<\/a><\/figure>\n\n
\"\"<\/figure>\n\n

Gallup’s annual economy and finance survey, conducted in April, found 52% of Americans<\/a> saying they owned stock, either directly or through a mutual fund, retirement account or other investment vehicle. The ownership share dropped sharply after the 2007-08 financial crisis and has continued falling throughout the nation’s wobbly recovery. (A Pew Research Center survey<\/a> conducted in March found a somewhat lower ownership share — only 45% of Americans in that survey said they had money in the market.)<\/p>\n\n

Our survey found that stock ownership was sharply differentiated by age, race and socioeconomic status: More than half (55%) of whites, for instance, said they were invested in stocks, compared with 28% of blacks and 17% of Hispanics. 77% of college graduates reported being invested in stocks (versus less than half of non-graduates), and 80% of people with incomes of $75,000 or more, compared with 55% of people with incomes of $30,000 to $75,000 and just 15% of people with incomes below $30,000.<\/p>\n\n

\u00a0<\/p>\n\n

\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

About half of all Americans own stocks, either directly or 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