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June 17, 2024 Investor Insights Thumbnail

June 17, 2024 Investor Insights

Investor Insights

Generational Growth Gap

June 17, 2024

Enjoy this week's "Investor Insights," a weekly newsletter that highlights the financial news you need and provides tips and tricks for making better investment decisions. 

 

  • NVIDIA accounted for 35% of the increase in the S&P 500's market cap since the beginning of the year. This concentration means that if NVIDIA rises, the market is stable; if it falls, the S&P 500 could drop significantly, making investors vulnerable to fluctuations in that single stock.
  • Before the pandemic, 38% of outstanding mortgages had interest rates below 4%. Today, this figure is 63%. This indicates housing is slowly adjusting to Fed rate hikes, as many households still benefit from low pandemic-era rates.
  • Younger Americans are investing earlier. On average, Gen Z (born 1997-2012) started saving and investing at 19, while baby boomers (born 1946-1964) began at 35. Despite this early start, only 45% of Gen Zers invest, compared to 54% of millennials (born 1981-1996), 58% of Generation X (born 1965-1980), and 63% of baby boomers.
  • A study of more than 52,000 employees at 6,800 businesses found that the average distance to work increased a whopping 170% on average, from just 10 miles in 2019 to 27 miles at the end of 2023.

Sources: 

  1. Apollo - "Chief Economist"
  2. Barrons – “Schwab Investing Survey: Gen Z Gets an Early Start as Confidence Rises"
  3. MFS - "Beyond the News"

*Past performance is not indicative of future performance

Disclosure: This information is furnished for the use of Glen Eagle Advisors, LLC, Glen Eagle Wealth, LLC, and their clients and/or contacts. It does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific objectives, financial situation, or particular needs of any specific person. Investors reading this commentary should consult with their Glen Eagle representative/financial advisor regarding the appropriateness of investing in any securities or adapting any investment strategies discussed or recommended in this newsletter. 

Glen Eagle Wealth, LLC is a member of FINRA, MSRB and SIPC 

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