The Association between Ownership of Non-Retirement Investments and Household Income

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Emmet Powell
Emmet Powell

Emmet is currently a Sophomore at Wesleyan from just outside Syracuse, NY majoring in Economics. Emmet is also a member of the Men’s Ice Hockey team at Wesleyan. Prior to coming to Wesleyan Emmet attended a boarding school 8 miles south of Boston, Milton Academy, in hopes to prepare him for the rigors of college. Emmet spent this spring semester examining the relationship between an individual’s household income and ownership of non-retirement investments such as stocks. Emmet is very interested in things such as the stock market and was curious to analyze data regarding it.

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Abstract: Discussions concerning the stock market are at the forefront of today’s society with many unusual factors affecting the markets normal nature. Things like cryptocurrency surges and Coronavirus pandemic effects have created chaos in the stock market resulting in large financial gains for many individuals. The stock market has always been depicted and stereotyped as something that the wealthy people use to grow their wealth, and isn’t often seen as something used by the common American as much (Khan, Rabbani, & Kadoya, 2020). Furthermore, People with higher income or higher education are more optimistic about future macroeconomic developments, such as stock market returns (Das et al., 2020).

The objectives of this present analysis include 1) establishing the relationship between ownership of non-retirement investments and household income; and 2) determining whether or not the relationship between ownership of non-retirement investments and household income differs for those who do not own non-retirement investments.

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