INVESTMENT ACCOUNTS
An important marker of financial well-being is whether individuals own appreciable financial assets, such as investment accounts. From 2004 to 2022, the percentage of Americans with an investment account has slightly declined. Ownership rates tend to increase with age, peaking among those aged 65+ before decreasing. A notable dip in investment account ownership occurred across all age groups in 2013, with rates remaining lower in subsequent years.
Gender and income disparities are evident in investment account ownership. Men are consistently more likely than women to have investment accounts, with women in the 55-64 age group experiencing a particularly steep decline between 2007 and 2021. The low-middle income 35-44 age group also experienced a sharper decline in 2013 compared to other demographic segments. These trends highlight the need for targeted strategies to promote equitable financial participation and investment access.
EXPLORE THE DATA
Definition:
Percent of individuals living in households with a savings account, investments in stocks, bonds, pooled investment funds, trusts, annuities, and other forms of cash investments.
Example:
People who have a Cash Deposit (CD) account and/or an investment portfolio are categorized as having an investment account. However, people who have only a traditional retirement account (e.g. a 401K) or those who invest all their money in real estate are not considered as having an investment account.