Record Percentage Of The Population Own Stock Portfolios Worth More Than $500,000
Portfolio Pulse from Hayden Buckfire
A record 30% of the U.S. population now holds stock portfolios worth more than $500,000, nearly double the amount from September 2022. The SPDR S&P 500 ETF Trust (NYSE:SPY) has surged over 40% since then. Additionally, 37% of Americans own homes valued over $500,000, highlighting a trend of housing unaffordability.
July 19, 2024 | 7:12 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust (NYSE:SPY) has increased by over 40% since September 2022, reflecting a significant rise in stock market investments among Americans.
The significant increase in the number of Americans holding substantial stock portfolios and the 40% rise in SPY since September 2022 indicate strong investor confidence and market performance, likely driving SPY's short-term price upwards.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 80