CNBC Exclusive “Wealth In America” Poll Reveals Americans Still Have Confidence In Market Despite Its Recent Volatility
ENGLEWOOD CLIFFS, N.J. March 14, 2007---Despite recent sell offs in the stock market, a majority of Americans still have full confidence in their stock portfolios, according to "Wealth in America," a new exclusive poll by CNBC, America's Business Channel.
According to the poll, 60% of Americans expect their stock portfolios to trade higher this year, while 51% expect the value of their stock portfolios to increase moderately. Only 6% believe their stock portfolios will actually decrease.
What do Americans fear most about the economy? Not inflation, not a recession, not a plunge in housing prices and not falling stock prices. Instead, 22% percent of Americans are apprehensive about gas price increases to more than three dollars per gallon as harmful to a family's financial situation.
And America feels strongly about how much its corporate leaders are raking in.
According to the poll, 67% of Americans say that CEOs are overpaid, a hot topic in the news these days and the subject of Congressional interest.
Conducted by Hart-McInturff, the same group responsible for the renowned NBC/Wall Street Journal political polls and CNBC's Holiday Central Survey, the CNBC Wealth In America Report will answer the big questions about where Americans stand on the economy, their investments and the housing market, among other issues.
CNBC previewed the report on "NBC Nightly News with Brian Williams," "Today" and CNBC's "Squawk Box." CNBC Senior Economics Reporter Steve Liesman will report the full results of the Wealth In America Report today on CNBC's "Power Lunch" (M-F 12-2PM) hosted by Bill Griffeth and Sue Herera. Coverage of the poll will be featured throughout our Business Day on "Street Signs," "Closing Bell" and "On The Money."
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