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(English) Survey: American Consumers Turn to Stock Market amid Pandemic Restrictions and Stimulus
(English)
NEW YORK, Feb. 9, 2021 /PRNewswire/ — Record-high stock valuations—and fewer things to spend on as COVID-19 restrictions enter a second year—are enticing more US consumers to invest discretionary funds in the stock market. In Q4 2020, 20% of consumers surveyed invested in shares of stocks or mutual funds, up from 16% in Q2. By contrast, record-low interest rates have resulted in just 43% of consumers putting money into savings in Q4—down from 49% in Q2.
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