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
