- 56% of investors surveyed by Bankrate say they strongly agree or somewhat agree that the stock market is rigged against individual investors.
- Meanwhile, 41% of Americans surveyed who don’t have any money invested in the stock market also agreed with the notion.
- The survey sheds a light on recent retail investor sentiment following the Reddit-driven trading surge in January.
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Over half of US investors think the stock market is rigged against individuals, according to a survey of 2,525 Americans from Bankrate.
In a February study, 56% of investors surveyed and 41% of non-investors either “strongly agreed” or “somewhat agreed” with the statement: “The stock market is rigged against individual investors.”
Overall, 48% of American adults surveyed either somewhat or strongly agreed with the statement. More than 18% strongly agreed with the statement, and roughly 29% somewhat agreed. Meanwhile only 13% disagreed with the statement, with the rest remaining neutral.
The results come after the Reddit-driven market frenzy in January that saw Robinhood halt trading of many “meme stocks” stocks, prompting retail investors to argue they’re at a disadvantage.
The Bankrate survey revealed that more than 39 percent of American adults had no money invested in the stock market either before the pandemic or currently.
Other findings include:
- 20% of investors said they’re investing more now than before the pandemic, with younger investors adding more than older cohorts.
- 39% of American adults had no money invested in the stock market before the pandemic or currently.
- Investors who identified as Reddit users were more than twice as likely to invest more now than less now compared to pre-pandemic.
The Bankrate study was conducted via online interview by YouGov Plc from Feb 24-26 2021. 2,525 adults were surveyed and data was intended to be representative of all US adults.