- Americans say the best long-term investment in 2024 will be real estate, followed by stocks and gold, according to a new Gallup poll.
- Respondents have ranked real estate as their top long-term investment for 12 consecutive years, but fewer people think so now than just a few years ago.
- According to the latest poll, around 36% of those surveyed said real estate is the best long-term investment, down from 45% who thought so in 2022.
(news nation) — Americans say real estate is the best long-term investment in 2024, followed by stocks and gold. new gallup poll.
Respondents have ranked real estate as their top long-term investment for 12 consecutive years, but fewer people think so now than just a few years ago.
According to the latest poll, around 36% of those surveyed said real estate is the best long-term investment, down from 45% who thought so in 2022. Yet respondents still rank real estate higher than stocks and mutual funds (22%) and gold (18%).
“Real estate values have been rising for most of the past 20 years, and the gains have been especially strong in 2021 and 2022,” Gallup senior editor Jeffrey Jones wrote. “It is no surprise, then, that Americans have consistently believed that real estate is the best long-term investment, even though other resources, especially stocks, have also shown steady growth over time. there is no.”
Investor appetite for real estate is increasing. especially obvious recently. Last quarter, investors bought a record 26.1% of affordable homes sold in the United States. According to Redfin.
strong stock market growth It also influences opinions. The percentage of Americans choosing stocks as the best investment rose 7 percentage points from 2023 to 2024.
This increase was primarily at the expense of gold, which dropped 7 points from the previous year to third place.Even so, the money record high price In the last few months.
According to Gallup’s annual report, 62% of American adults now have money invested in the stock market, the highest level since the Great Recession.
Only 3% of those surveyed believe cryptocurrencies are best for long-term investments, down from 8% in 2022.
The latest results are based on Gallup’s annual Economic and Personal Finance Survey, conducted April 1-22.
Which of the following do you think is the best long-term investment? (Gallup)
- real estate – 36%
- Stocks/Investment Trusts – twenty two%
- Money – 18%
- Savings account/CD – 13%
- Bonds – Four%
- Cryptocurrency – 3%
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