The Federal Reserve report revealed a remarkable phenomenon: about 58% of households in the U.S. own**, up from 53% in 2019 and the highest ever in a survey. After digging deeper, it is found that these families may buy directly, or they may hold it indirectly through **, retirement accounts, etc. It is worth noting that the proportion of direct investment has increased significantly over the past few years, a trend that is closely linked to the spread of the pandemic. This change reflects the gradual increase in public awareness and participation in the market, and also implies the increasing impact on the social economy.
According to the Federal Reserve report, about 58% of households across the country owned** last year, up from 53% in 2019 and the highest percentage in any survey. unsplash**
Wall Street reported that during the pandemic, millions of people stayed at home due to lockdowns, and federal subsidies gave them the ability to keep their surplus cash into their hands, as if giving them a new "first time to step into" and bravely plunge into the investment boom. Coupled with the assistance of investment apps, these platforms are like intimate navigators, guiding them to move forward in a zero-commission trading way, making investment cheaper and simpler, like opening the door to wealth.
In light of this, the Federal Reserve's triennial Survey of Consumer Finances revealed that while many households still hold through retirement accounts such as 401(k)s, the proportion of direct investment has increased markedly in recent years, from 15% in 2019 to 21% last year, the largest increase since the survey began in 1989. In addition, the proportion of household ownership has increased at all income levels, especially among middle- and high-income households.
Nick Luczak, a young stockholder, said that when the pandemic hit in early 2020 and universities were closed due to the pandemic, he went home to live with his parents and began to study the market further and buy more**.
The report reveals that in the past three years, ** has rushed to new highs like a rocket, and the price of ** has soared together, bringing wealth growth to many families. After offsetting for inflation, the median household net worth soared by 37% between 2019 and 2022, the largest increase in the history of the survey. Like the prophet of Chunjiang plumbing duck, the linkage between ** and housing prices has allowed many families to take the lead on the road of wealth and enjoy the happiness of wealth growth.
Ashley Feinstein Gerstley, founder of The Fiscal Femme, a financial planning firm, said the situation is becoming more common now that people are now abandoning the myth that only the wealthy or those who work on Wall Street can invest. As Fernando Soto, head of business at Chicago-based private bank Brown Brothers Harriman, explains, the market is undergoing a clear shift as more and more people are inquiring about investments such as bonds.