Jun 1, 2017

The financial crisis made average Americans wary to invest

The gap in how much stock different sectors of society owns has widened since the financial crisis, leaving wealthier people owning more stock than everyone else, per a Gallup analysis.

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Data: Gallup; Note: Personal ownership or with spouse, includes individual stock, market fund, 401(k) and IRA; Chart: Andrew Witherspoon / Axios

What the analysis shows: Every income bracket has fewer people invested in the stock market after the crisis — except for those households with incomes above $100,000, which actually increased their stock investments. Adults older than 65 also upped their investments.

What it means: Wealthier households have been benefitting from the recovery and upward trends in the stock market while middle income households aren't since they haven't been buying in to the stock market.

Why it matters: This indicates wealth inequality may be alive and well, and shows that the financial crisis may have "fundamentally changed" how middle income households view stocks as an investment, as Gallup's Jeffrey M. Jones put it.

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5 mins ago - Technology

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 11:30 a.m. ET: 5,618,829 — Total deaths: 351,146 — Total recoveries — 2,311,404Map.
  2. U.S.: Total confirmed cases as of 11:30 a.m. ET: 1,681,793 — Total deaths: 98,933 — Total recoveries: 384,902 — Total tested: 14,907,041Map.
  3. Public health: Fauci says data is "really quite evident" against hydroxychloroquine — Nearly half of Americans say someone in their household has delayed medical care.
  4. Tech: Zipline drones deliver masks to hospitals; vaccines could be next
  5. Business: Boeing to lay off 6,770 more U.S. employees.
  6. 🏒Sports: NHL unveils 24-team playoff plan to return from hiatus.
  7. What should I do? When you can be around others after contracting the coronavirus — Traveling, asthma, dishes, disinfectants and being contagiousMasks, lending books and self-isolatingExercise, laundry, what counts as soap — Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingHow to minimize your risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.

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Updated 9 mins ago - Politics & Policy

U.S. coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios. This graphic includes "probable deaths" that New York City began reporting on April 14.

D.C. Mayor Muriel Bowser said Wednesday the city will start to lift coronavirus restrictions on May 29 after seeing a 14-day decline in community spread of the virus. The city’s current stay-at-home and business closure orders were set to run through June 8.

By the numbers: More than 98,900 people have died from the novel coronavirus and over 1.6 million have tested positive in the U.S. Over 384,900 Americans have recovered and more than 14.9 million tests have been conducted.