The inex surveys U.S. investors with a minimum of $10,000 invested in any combination of stocks, bonds, mutual funds, self-directed IRAs, and 401(k) retirement accounts. The latest results are based on 1,011 interview between August 15th and August 24th. The interviewees included 374 retirees and 631 non-retired investors.
Investors are more sanguine about their personal abilities to maintain or improve their income over the next year (+47 index score) than they are about the health of the U.S. economy (-1).
- Gallup noted several reasons to consider the gains as modest:
- Optimism remains far below the levels of the early 2000s and less than half its level of January 2007.
- Optimism has bounced around in recent years rather than moving steadily upward.
- Non-retiree optimism is higher (+50 index score) than retiree optimism (+35) likely due to an improving jobs picture.
ALSO READ: GDP Bounce Keeps Climbing
The Average American Is Losing Momentum On Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%1 today. Checking accounts are even worse.
But there is good news. To win qualified customers, some accounts are paying more than 7x the national average. That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn a $200 bonus and up to 7X the national average with qualifying deposits. Terms apply. Member, FDIC.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.