U.S. Census Bureau Daily Feature for May 18: Taking Stock
WASHINGTON, May 18, 2017 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:
TAKING STOCK
Profile America — Thursday, May 18th. The New York Stock Exchange, by signaling business prospects through share prices, has long been a bellwether of the nation's economic health. The exchange started this month in 1792, as some two dozen merchants and brokers established an organized approach to their buying and selling. In good weather, they operated under a Buttonwood tree on Wall Street. Otherwise, they moved to the shelter of a nearby coffeehouse to continue their trading. Over the past 225 years, this makeshift setup evolved into a financial titan, where each trading session is a real time economic indicator. Thirty-three years ago, only 7 percent of U.S. household wealth was held in stocks and bonds. More recently, that figure is around 20 percent. You can find current data on the country's economy by downloading the 'America's Economy' mobile application at www.census.gov/mobile.
Sources:
Stock exchange history/accessed 3/7/2017: www.loc.gov/rr/business/hottopic/stock_market.html
Household wealth in stocks 1984/page 3: www.census.gov/people/wealth/files/Wealth%20Highlights%202011.pdf
Median value (Table 1) and percent households in stock & funds (Table 2): www.census.gov/people/wealth/files/Wealth_Tables_2011.xlsx
Profile America is produced by the Center for New Media and Promotion of the U.S. Census Bureau. Statistics and accounts drawn from cited non-Census sources are employed for illustrative or narrative purposes, and are not attested to by the U.S. Census Bureau. These daily features are available as produced segments, ready to air, on the Internet at http://www.census.gov (look for "Audio" in the "Library" pull-down menu).
SOURCE U.S. Census Bureau
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