Americans have found a new hobby in their lockdown phase – investing in stock markets to participate in long-term investments. Financial data from a company shows that the trend is returning to the citizens of America amidst the pandemic.
While investing in the stock market is a gamble, 28 percent of US citizen prefers to invest in the stock market to solidify their money they don’t plan on using in the next 10 years or so. Real estate investments closely follow behind with 26 percent and traditional cash, savings accounts, and other mediums make up for the rest of the pie chart.
The coronavirus pandemic has definitely changed the spending habits of Americans. It has also given them a long time to think about their financial situations and whether to invest in the stock market or not. About 42 percent of people rethought their long-term investment strategy in the pandemic. 26 percent of those people said that they will invest a very small amount they can spare in the stock market whereas the other 16 percent said that they will invest more aggressively.
Infographic by: statista.com