Investors Are Staying Put

June 17, 2002
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Americans generally anticipate additional financial downturn in the aftermath of the terrorist attacks on the U.S., but the vast majority of them say they won’t spend less or alter their investment behavior, according to an Internet poll of 4,600 U.S. adults conducted by Harris Interactive, a global consulting and market research firm.

Although the poll found that many Americans believe the country’s investment and financial environment will worsen in the coming weeks and that the stock market, in particular, will suffer, most indicated that, at least in the short term, they don’t expect to change their investment and spending habits.

Among the poll findings:

  • 77 percent said they probably won’t spend less or save more.
  • 81 percent indicated they don’t anticipate keeping more cash on hand.
  • 99 percent said they would not sell stocks they own.
  • 42 percent believe that stocks will go down “a lot.”
  • 37 percent think stocks will go down “a little.”
  • 51 percent singled out stocks as “the worst investment” among the eight types of investment options presented by pollsters.

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