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Worse Off Financially and Wary of Stocks

  • Written by Syndicated Publisher No Comments Comments
    January 19, 2014

    A couple of sets of brand new poll results from Gallup show how increasingly difficult it has become for Americans to achieve any real financial security – for the first time since 2012 they are now worse off financially than a year ago and they still think stocks are a bad idea.

     

    Gallup - Worse off and wary of stocks

     

    Interestingly, the share of people saying they are better off is about normal (based on data going back to the 1970s), but the those saying they are worse off remains historically high.

    Obviously, this is the 99%, not the 1% – that would be an interesting chart to see…

    About The Author

    As you may have already deduced, this is not your typical financial blog, accompanied by some run-of-the-mill investment newsletter, and I’m not your typical financial writer.

    In fact, I spent my entire working career as an engineer before retiring back in 2007 at the tender young age of 46. Two years prior to that in 2005 I started writing a blog – The Mess That Greenspan Made – mostly just to poke fun at the housing bubble and the policy makers who had led us down that path.

    Details about the investment newsletter and information about the performance of the associated “model portfolio” can be found here and if there are any questions that I can help answer, just send mail to tim@iaconoresearch.com.

    Images: via Flickr (licence attribution)

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