The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Investors await the Fed's latest decision on monetary policy, set to be released on Wednesday stateside. The U.S. central bank is widely expected to cut rates by 25 basis...Asia Marketsread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread more
Live the high life with a night's stay at Highclere Castle, the iconic stately home made famous by Downton Abbey.Spendread more
Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit.Banksread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
The U.S. Air Force's top general says he hasn't received direction to send additional bombers to the Middle East after what is believed to be Iranian attacks on Saudi Arabian...Defenseread more
A large number of people have missed the six-year bull market.
More than half of Americans, 52 percent, are currently not investing in the stock market—either by buying individual stocks or mutual funds, or through a retirement account such as a 401(k) or IRA, according to a new Bankrate.com survey. Among the non-investors surveyed, 53 percent said they don't have the money to invest and 21 percent said they don't trust stock brokers or financial advisors.
"It's a definite negative, especially for younger people who can afford to take some risk right now because they have time to recover from potential losses," said Claes Bell, a Bankrate.com analyst. "For most people, stocks should be some part of the mix in their overall retirement portfolio because of that ability to earn higher returns over a long period of time."
What's worse is that Bankrate's survey of more than 1,000 adults may be overestimating the percentage of Americans investing in the stock market. A study from the Federal Reserve found that only 13.8 percent of U.S. households owned stocks in 2013, down from 15.1 percent in 2010.
Financial advisors say that a big part of their job is educating new clients on benefits of owning stock.
"Once we explain that owning stocks in their accounts helps their portfolio stay ahead of inflation...most become more open to try. No one wants to run out of money," said Anna Sergunina, a certified financial planner in Odenton, Md. "We have to start with addressing their fears first. The fear is not wanting to invest in stocks, the fear is they don't understand why and how it can benefit them."
Even if the benefits to stock investing are clear, having enough money to invest remains hurdle for many Americans.
"When the median U.S. household income hovers around $52,000, it is not surprising that more people do not have money to invest in the market," said Wan McCormick, a certified financial advisor in Fairfax, Va.