Adults aged 75+ tend to invest more and own more stocks
Adults aged 75+ tend to invest more and own more stocks"
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When indirect ownership through mutual funds and retirement plans is included, the share of 75-and-older households owning equities jumped from 40 percent in 2007 to 49 percent in 2016,
according to an analysis of Fed data by _Bloomberg Businessweek_. Every other age group saw a decline. According to the Fed survey, 75-and-older households also saw the biggest growth in
personal wealth over the last several years. Their median net worth grew from $200,800 in 2013 to $264,800 last year, a jump of 32 percent. Those under age 35 saw just 4 percent growth in
wealth. The 35-to-44-year-olds saw wealth increase by 24 percent, while 45-to-54-year-olds (14 percent) and 55-to-64-year-olds (9 percent) saw less growth. Those in the 65-to-74 group saw
their worth decline by 6 percent. Many older Americans invest in stocks despite the risks because safer investments, such as bonds and bank accounts, are paying such low returns, _Bloomberg
Businessweek_ reported.
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Adults aged 75+ tend to invest more and own more stocksWhen indirect ownership through mutual funds and retirement plans is included, the share of 75-and-older households owni...