60.2 F
Dallas
Tuesday, February 7, 2023
** Preferred Partner - click for more info **Red Flag Reputation

45% of American adults regret not investing more in stocks

Nearly half of Americans regret not investing more in stocks in the last 10 years. That’s despite the fact that various stock indexes declined by 15% to 20% in 2022, according to a recent survey.

Overall, 45.1% of Americans overall, including both investors and non-investors, said they regretted not taking full advantage of the stock market, a November MagnifyMoney survey of over 1,500 U.S. resident adults reveals

The result differs by age. Gen Zers are more likely to say like they’ve missed out when compared to other age groups. That makes sense, since younger investors have had less time to build wealth with their investments. Here’s the breakdown:

  • Gen Z (ages 18 to 25): 60%
  • Millennials (26 to 41): 51%
  • Gen X (42 to 56): 46%
  • Baby boomers (57 to 76): 27%

Of those with regrets, just over half of the respondents say they’re changing their approach to investing. This included putting more money into stocks, consulting with a financial advisor and paying more attention to the stock market. 

Index funds are an easy, low-risk way to invest in stocks

Source

Related Articles

Latest Articles