Young Americans Plan on Spending Half Their Stimulus Check on Stocks

A survey from Deutsche Bank may give an inkling of how much cash from U.S. stimulus checks will find its way into the stock market.

An online survey of 430 investors who use online broker platforms found that half of respondents between 25 and 34 years old plan to spend 50% of their stimulus payments on stocks.

That led the German investment bank to state that “a large amount of the upcoming U.S. stimulus checks will probably find their way into equities,” though Deutsche Bank acknowledged elsewhere in the report that, unlike the respondents the bank surveyed, most American recipients of stimulus checks do not have trading accounts.

Meanwhile, 18- to 24-year-olds involved in the survey planned to use 40% of any stimulus checks on stocks, and 35- to 54-year-olds surveyed planned to use 37% of their checks on equity market investment. The over-55s surveyed said they’d put only 16% into stocks.

www.cnbc.com/2021/03/08/how-the-young-plan-to-spend-stimulus-checks-deutsche-bank.html

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