Bloomberg Businessweek

This Is Your Father’s Stock Market

Almost half of Americans 75 and older hold some equities

U.S. stocks have more than tripled in value since 2009, but the bull market has left a lot of Americans behind. In almost every age group, the share of families owning equities—either directly or through funds and retirement accounts—declined from 2007 to 2016, according to the Federal Reserve’s most recent Survey of Consumer Finances. There’s one prominent exception: households headed by someone 75 or older.

Almost 49 percent of those

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