Among affluent households, there was also a decline in the share directly owning stock and mutual fund shares during this period (59 % in 2011 versus 62 % in 2009), but a slight increase in the share with IRAs or Keogh accounts (70 % versus 68 %) and a larger increase in the share with 401 (k) or Thrift Savings Plan accounts (65 % versus 61 %).
Not exact matches
The Census Bureau data also indicate that
among less
affluent households, fewer directly owned stocks and mutual fund shares in 2011 (13 %) than in 2009 (16 %), meaning a smaller share enjoyed the fruits of the stock market rally.
First
among these drivers is the growing number of upper middle class and
affluent households, or those with more than $ 24,000 and $ 46,000 in annual disposable income, respectively.
Dissecting the January Modern Homebuyer Survey data further, what's particularly interesting is that more
affluent American
households — typically more confident in housing given their stronger purchasing power — are not reporting the highest housing confidence levels
among other income cohorts today: