More than half of American households owned stocks and mutual funds in 2005. The 91 million individuals in those households had a median age of 51 and a median household income of $65,000.
That might help explain a shift in what college freshmen described as their primary personal objectives. In 1970, 79 percent said their goal was developing a meaningful philosophy of life. By 2005, 75 percent said their primary objective was to be financially very well off.
Friday, December 15, 2006
Good News for Wealth Managers
From an article in today's New York Times concerning data from the 2007 Statistical Abstract:
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