Although most Americans have money socked away in the stock market, that isn’t what they see as the best long-term investment, according to a new survey from Gallup. So what is?
That would be real estate, with 36% of respondents pointing to that old pillar of the American Dream as the best place to invest their money, the polling organization found in its annual economy and personal finance survey. Stocks ranked second, with 22% rating it as the best choice for returns over time.
The survey offers a peek into the mindset of the typical investor, whose opinions may be swayed more by the recent pandemic run-up in housing prices rather than the actual long-term returns of property ownership versus stocks. To be sure, real estate can definitely pay off, with the asset class returning about 215% since 2000, according to the S&P CoreLogic Case-Shiller home index.
