Facebook

Twitter

iTunes

RSS

 

« Will Time Limits, Work Requirements Ease Affordable Housing Crisis? | Main | Survey: Employees Prefer More Work over Sitting Next to Boss »
Wednesday
May082013

Dow Surges Past 15,000 as Stock Ownership Remains Low

Hemera/Thinkstock(NEW YORK) -- The stock market continued a remarkable four-year run on Tuesday, with the Dow Jones Industrial Average leaping over 15,000 for the first time. 

But the recovery has come at a time when millions of households pulled their savings from stocks.

A new Gallup poll finds that despite the record highs in the past month, stock ownership among U.S. adults is at its lowest level since 1998 -- essentially unchanged from a year ago.

Just over half of Americans -- 52 percent -- now say they personally, or jointly with a spouse, own stock outright or as part of a mutual fund or self-directed retirement account.

This compares with 65 percent who owned stocks in 2007, before the major sell-off was triggered by the financial crisis and recession.

Copyright 2013 ABC News Radio