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American stockholders shift age and wealth amid market turmoil
The profile of the American stockholder has grown older and wealthier as the 1970s slump and inflation reshape ownership. Average age rose from 48 in 1970 to 53, with mean household income up to 19000, and average portfolio value to 10050. Shareholders declined 18.3 percent to 25.2 million, driven by OTC and mutual fund holders leaving. Women now slightly outnumber men among stock owners. Experts cite Watergate, higher fixed income yields, perceived market unfairness, and weak tax incentives as factors deterring new investors.
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