News) The coronavirus crisis has left Americans disappointed with stocks while increasing their appetite for real estate, gold, and savings accounts, according to the latest Gallup survey.
The best long-term investment this time around was once again real estate with 35% of Americans choosing this option, the new Gallup survey showed. Real estate has been the top pick since 2013.
Stocks and mutual funds lost some popularity with only 21% of Americans choosing the option as the best long-term investment, down six percentage point since last year and marking the lowest level since 2012.
“Americans have become less likely to view stocks or mutual funds as the best long-term investment after U.S. markets dropped by more than a third as the economic implications of the coronavirus outbreak set in last month,” Gallup survey said.