Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (35958)	6/26/1999 10:01:00 PM
From: goldsnow	Respond to of 116789

Most in U.S. Say They Missed Benefits of Bull Market, Newsweek Poll Finds By Brian Reid Most in U.S. Say They Missed Benefits of Bull Market, Poll Says Washington, June 26 (Bloomberg) -- Most Americans say they haven't reaped the benefits of the rally that has driven U.S. stock prices up in the late 1990s, a Newsweek poll said. The poll also showed a small increase in U.S. President Bill Clinton's approval rating, which rose 1 percentage point in the poll over the past month to 54 percent, according to Princeton Survey Research Associates, the firm that conducted the poll. Only 32 percent of those polled said they shared in the benefits created by the bull market, which has driven the Dow Jones Industrial Average up more the 175 percent since the beginning of 1995. The poll, which will accompany the cover story in next week's edition of Newsweek, sampled 750 Americans and had a margin of error of plus or minus 4 percentage points. Though most respondents said they haven't tasted the fruits of a rising stock market, the majority of those making more than $50,000 a year said they have shared in the market's upswing. In contrast, only 14 percent of those making less than $30,000 a year said they benefited. The poll said the economic boom of the '90's has put pressure on families to appear wealthy even when they're not. The poll found that 72 percent of those surveyed said the strong economy has increased social pressure to make big-ticket purchases, with more than a quarter of those polled saying they've gone deeper into debt than they should have to buy a car, home, or luxury item. The rise in stock prices isn't linked to a rise in new investors, either, the poll said. In a poll five years ago, 42 percent of Americans said they were invested in the stock market. Forty-four percent of those surveyed in today's Newsweek poll said they have invested in equities through a mutual fund or stock purchase. Most of those polled don't anticipate getting rich in their current job -- only 13 percent said there's a ''good chance,'' while 71 said there's ''no chance whatsoever.'' Internet companies may not be a better route to wealth, though, according to 44 percent of respondents, who said they didn't think the Internet is the quick way to money. Still, almost the same number -- 43 percent -- said Internet companies were the ''new way to get rich in this country today.'' ©1999 Bloomberg L.P. All rights reserved. Terms of Service, Privacy Policy and Trademarks.