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Americans are bracing for inflation and a market crash: survey:
Inflation and a potential stock market crash. These are the two biggest threats to the US economy and to the financial wellbeing of Americans, so says a survey by personal finance software firm Quicken.
The Menlo Park, Calif.-based Quicken/SurveyMonkey online poll was taken earlier this month, which consisted of a sample of 1,200 US adults ages 18 to 74 from the Cint Consumer Network, according to Quicken's press release.
The survey revealed that nearly three-fourths who responded to the survey (71%) ranked inflation (currently at 7% and the highest since the early 1980s), as the top concern, followed by new COVID-19 variants, supply chain disruptions and a stock market crash. On that last point, the survey noted that 52% surveyed agree that there will be a stock market crash in the next five years. Of that group, 58% expect a looming stock market crash will impact their finances negatively, according to the press release.
Yet not everyone views a potential crash as such a bad prospect. Some Americans saw the financial gains that more aggressive investors had made from the day of the 2008 stock market crash, and are now looking to capitalize for the next one. According to the press release, 52% of self-described "aggressive" investors are likely to say the 2008 crash benefited them financially, compared to 18% of so-called "conservative" investors. What's more, 71% of aggressive investors, compared to 20% of conservative investors, believe a stock market crash in the future would benefit them financially. A notable percentage of respondents who believe there's going to be a crash in the next five years – 35% – agree that they're waiting for a crash in order to invest some extra cash.
A sizable percentage of younger adult generations surveyed – Millennial and Gen Z – also see the benefits to a future stock market crash. According to the survey, 41% of Gen Z and 36% of Millennials agree that they are waiting for a stock crash in order to invest their extra cash. Another 30% of Gen Z and 28% of Millennials say they're waiting for a crash so that they can start investing, according to the press release.
(Score: 5, Interesting) by mcgrew on Sunday January 23 2022, @10:26PM (2 children)
The problem is that most Americans are morons who vote against their own interests, and vote for a political party rather than the individual candidates. Guess what? There are cowards and crooks in both parties, as well as competent, honest legislators.
Until Trump took over the Republican party. I wonder what kind of dirt Putin gave him on his fellow Republicans? All but two or three of the good ones have been canceled, run out of the Republican party, whose lie is that they're against "cancel culture". Now they want to cancel voting rights and abortion rights.
This will be the first vote I've ever said I would refuse to vote for anyone from a party. It will be between the Libbies, Greenies, and Dimocrats. Authoritarians who tried to overthrow our government, IE Republicans, need not apply. I may start voting for some Republican candidates after Trump dies, hopefully not to long from now; he is older than Meatloaf and Eddie Money (but not Mick Jagger).
mcgrewbooks.com mcgrew.info nooze.org
(Score: 0) by Anonymous Coward on Monday January 24 2022, @12:58AM (1 child)
Precisely who can I give l vote for that will actually advance my interests? I can vote 3rd party or against the incumbent, but that isn't getting the job done. Most folks are voting for folks they think will advance their interests, but none of the candidates follow through in any reasonable way. At least not when there's enough of them to make a difference.
(Score: 1) by khallow on Monday January 24 2022, @03:29AM