304 SPORTS SCORES
  • Tygarts Valley 59Hannan 8Final[ view all ]
  • Sissonville 26Liberty 7Final[ view all ]
  • Doddridge County 27Valley Wetzel 7Final[ view all ]
  • Clay-Battelle 20Van 12Final[ view all ]
  • Lewis County 42Elkins 0Final[ view all ]
  • Braxton County 13Webster County 12Final[ view all ]
  • Grafton 50Lincoln 49Final[ view all ]
  • Robert C. Byrd 56North Marion 21Final[ view all ]
  • Morgantown 21John Marshall 6Final[ view all ]
  • Pendleton County 50Tucker County 6Final[ view all ]
  • Magnolia 34Tyler Consolidated 0Final[ view all ]
  • University 29Preston 25Final[ view all ]
  • Fairmont Senior 35Buckhannon-Upshur 27Final[ view all ]
  • Notre Dame 34Gilmer County 13Final[ view all ]
  • Saint Marys 42South Harrison 7Final[ view all ]
National News | Closings | Funerals | HighScore | Monday's Most Wanted | Crime Watch | TV Listings | Lottery | Bio's | FCC File | More ›
   
 
 
 
Experts: Stocks Soar, Most Americans Uninterested
Written by Phyllis Smith
Last updated on July 06, 2014 @ 7:40PM
Created on July 06, 2014 @ 10:44AM

According to financial experts, there's another reason to celebrate this July Fourth holiday weekend.The stock market is putting out record highs this summer. There's a catch though. Experts said many of you don't seem to be interested.

According to a report, just 15% of families directly owned stocks four years ago. Although millions of us can access the market through retirement accounts and other assets, many aren't doing so. In fact, the majority of you have no money in the stock market at all.

According to one survey, half of you avoid it completely. Kim Peterson, a financial blogger, said many of you have drifted away from the market over the years. This could be for any number of reasons. You could feel burned by the financial crisis or the economic recession.

"There's a reason that  people feel so disconnected from Wall Street. Only a fraction of Americans directly own stocks and they tend to be wealthier," said Peterson.

One man said he's not interested in buying stocks right now.

"The stock market goes up and down and it can change at any second. It could be profitable today. It could be unprofitable tomorrow. We live in a world of uncertainty right now, so we have to let things stabilize before we can take an aggressive approach," said John Miller, an Elkins resident.

Experts said the stock market surge has helped the wealthiest the most. This advance is causing concern for some economists. They said this shows that inequality in the U.S. is increasing.

 


Share
Add your Comment
You must have an active WDTV.COM user account to post comments. Please login to your account, or create your free account today!

Comments (0)
WDTV on Facebook
WDTV on Twitter
WDTV on YouTube
Contact WDTV
WDTV RSS Feeds
WDTV SMS
WDTV Mobile App