Filed Under:Life Insurance, Life Planning Strategies

Americans say stock market gains no help to well-being

Barely one in five of those polled -- 21 percent -- said the market’s gains have made them “feel more financially” secure.
Barely one in five of those polled -- 21 percent -- said the market’s gains have made them “feel more financially” secure.

(Bloomberg) -- More than three-quarters of Americans say the five-year bull market in U.S. stocks has had little or no effect on their financial well-being, according to a Bloomberg National Poll.

Seventy-seven percent of respondents dismissed the 176 percent rise in the Standard & Poor’s 500 Index since its March 9, 2009 financial crisis low, according to the poll, taken March 7-10. Barely one in five -- 21 percent -- said the market’s gains have made them “feel more financially” secure.

‘Little benefit’

The wealthiest 10 percent of families earn 11 percent of their annual income from capital gains, interest and dividends, according to the Fed. The poorest three-quarters get less than 0.5 percent of their income from such sources.

Copyright 2016 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Nichole Morford

Nichole Morford
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