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Survey: Most Americans ignoring stocks

EPA EPASELECT USA NEW YORK STOCK EXCHANGE EBF MARKETS & EXCHANGES USA NYNearly three out of four Americans continue to shun stock markets, according to a new survey released Monday.

Despite tiny interest returns on savings accounts and CDs, and stock market returns that topped 30% last year, U.S. investors aren’t returning to trading exchanges, says the survey by Bankrate.com, an online aggregator of financial rate data.

The survey found similar results across all income levels and age groups, the company said.

“Americans may be avoiding the buy-high, sell-low habit seen in previous market cycles, but only because they’re not buying at all,” said Greg McBride, the company’s chief financial analyst.

The result came from a survey of 1,010 adults aged 18 via landline or cell phone from April 3-6. Researchers from Princeton Survey Research Associates International asked: “Are you more inclined to invest in the stock market now that interest rates on savings accounts and CDs are so low, or not?”

In all, 73% said no, and 22% said yes, while the remaining respondents said they were unsure or declined to answer the question.

The survey had an error margin of plus or minus 3.5 percentage points.

In other results, 45% of those questioned said their overall financial situation today was about the same compared with one year ago. By comparison, 29% said things were better and 25% said the outlook was worse.

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