My Prediction: American Stock Ownership Will Drop to 54% by 2030. One Sector Is Driving It.
And the sector responsible for this brewing disinterest will come as no surprise.
Overview
Assuming you're an adult currently living in the United States, there's a 58% chance you own stocks, one way or another. That's the number from the most recent Gallup poll asking Americans about the matter, anyway. In April of this year, 58% of you said you hold mutual funds and/or individual stocks, down slightly from the previous April's figure of 62%.
It's not too tough to figure out why the number's shrinking, either. Many of the market's must-have artificial intelligence (AI) technology stocks aren't quite as promising now. And inflation has forced at least a few consumers to spend more on groceries and gasoline, leaving less money available for investment.
Details
This is all cyclical, of course -- except I've got a funny feeling the downcycle of stock ownership led by technology stocks is going to continue to draw a few more people out of the stock market between now and 2030 before it reverses course again.
Source
Originally published at www.fool.com.