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Wall Street to Main Street?

As watchers of CNBC, or even the evening news, know, stock ownership has moved from the province of the economic elite to the realm of the economic mainstream. In fact, according to a noteworthy recent study, nearly half of U.S. households currently own stock, a "significant increase" over past years. This concise article from Yahoo News summarizes the findings of the recent stock ownership survey conducted by the Securities Industry Association (SIA) and the Investment Company Institute, and includes a profile of the typical stock owner. As the SIA president stated, "Wall Street had come to Main Street," and the U.S. economy has changed significantly because of it.

Tue, 16 Nov 1999 13:35:03 -0800