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According to the Washington Post, 61 percent of Americans own stocks, which is the highest number since 2008.

Questions:

  1. According to the article, what type of investment instrument do millennials prefer?
  2. How low did the percentage of Americans owning stock go after the Great Recession in 2013 and 2016?
  3. How much has the U.S. market has gained on an annualized basis over the past decade?
  4. How do investment strategies (like ownership of stocks) impact CPAs?

Source:

Singletary, M. (2023) More Americans own stocks. This is great for their financial future. The Washington Post, June 6. (Retrievable at https://www.washingtonpost.com/business/2023/06/06/american-stock-ownership/)