Americans are feeling more secure about their own finances with stock and home values rising, even as a growing number say the country is headed down the wrong track, according to a Bloomberg National Poll. People are more upbeat about a range of financial issues — job security, retirement savings, […] Read more »
Economic recovery favors the more-affluent who own stocks
The surge in the stock market this year – restoring much of the wealth that had been lost during the financial meltdown that struck in 2007 – has masked the unevenness of the recovery among Americans since 2009. A Federal Reserve board analysis this week spelled out the reason: stock […] Read more »
Reading the Dow, Housing Rallies
It was a good week for the economy. Housing values are climbing. The Dow Jones Industrial Average is up in record territory. And consumer confidence is at a five-year high. After a long recession and a slow recovery, that news clearly has political implications, but beware reading too much into […] Read more »
Income, Age Key Factors in Retirement Funding Expectations
Nonretired Americans’ expectations about which sources they will rely on to fund their retirement differ significantly by their annual household income. Upper-income nonretirees are much more likely to say investments, such as a 401(k), IRA and other retirement savings accounts or individual stock investments, and work-sponsored pension plans will be […] Read more »
Investors Expecting U.S. Markets With Best Return
International investors are the most bullish they’ve been on the U.S. and Japanese markets in more than 3-1/2 years as both countries’ economies are seen as improving, according to the latest Bloomberg Global Poll. More than half of those contacted said the U.S. will be among the markets offering the […] Read more »
Gold Loses Luster as Investment; Real Estate Gains
Even prior to the recent plunge in the price of gold, fewer Americans rated gold as the best long-term investment — with 24% saying so in April, down from 28% a year ago and 34% in August 2011. Real estate now essentially ties gold as the best investment, with 25% […] Read more »