Fewer younger people say they are investing in the stock market due to the increase in the cost of living
The S&P 500 has recently recouped half of the fall from its early January high, and some fund managers are sounding less pessimistic about the toll inflation and rising interest rates have taken on the market.
Fewer people say they are investing in the market compared to a year ago, and that’s driven by more cautious and risk-averse millennial and Generation Z households, according to Morning Consult research released Tuesday. The investor pool risks becoming “increasingly homogenous” — or older and wealthier — said Charlotte Principato, financial services analyst at Morning Consult. “There are signals that this shift is already happening,” she added.
That’s not to say there’s a general cooling on stock market investing. One quarter of people said the stock market is the best place to tuck away money they will not need to tap for a decade, according to a recent Bankrate.com survey. Mid-income households and younger ones have been mostly squeezed by rising rents, according to Bank of America BAC research. Rents saw a three-month average annualized increase of 7.3% — the fastest clip since 1990.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why are rents so expensive? These are the most expensive citiesEven though the housing market has cooled and homebuilders are saying the market has entered a recession, home prices are still high — and are still putting pressure on rental prices.
Read more »
Wendy’s pulls lettuce from sandwiches amid E. coli outbreakThe fast-food chain Wendy’s says it is pulling lettuce from sandwiches in its restaurants in Michigan, Ohio and Pennsylvania after people eating them there reported falling ill
Read more »
Wendy's pulls lettuce from sandwiches amid E. coli outbreakThe fast-food chain Wendy’s says it is pulling lettuce from sandwiches in its restaurants in Michigan, Ohio and Pennsylvania after people eating them there reported falling ill.
Read more »
Wendy's pulls lettuce from sandwiches amid E. coli outbreakThe fast-food chain Wendy’s says it is pulling lettuce from sandwiches in its restaurants in Michigan, Ohio and Pennsylvania after people eating them there reported falling ill.
Read more »
Wendy's Pulls Lettuce From Sandwiches After Dozens Fall Sick From E. ColiThe fast-food chain Wendy’s says it is pulling lettuce from sandwiches in its restaurants in Michigan, Ohio and Pennsylvania after people eating them there reported falling ill.
Read more »