Two in five Americans believe stock market only serves the top 1%

By Gaya Gupta · The Guardian World

Exclusive Harris poll for Guardian reveals Americans’ assumptions about stock market and wider economy Two in five Americans believe the stock market isn’t for them and only benefits the top 1%, according to a new Harris Poll poll exclusive to the Guardian that surveyed investing habits and knowledge about the economy. The poll found a similar share of Americans had incorrect assumptions about the relationship between the economy and the stock market. Nearly 40% did not know that the economy and the stock market were not the same thing. And two-thirds of Americans incorrectly believed that a growing stock market means the overall economy is growing. This survey was conducted online by the Harris Poll from 9-11 July, among a nationally representative sample of 2,154 US adults, with 1,667 reporting some level of investing. Continue reading...