Nearly half of investors are worried that a recession is coming, or that a big market crash is on the horizon, according to a recent study by Allianz Life.
There’s a big difference in perception between age groups, the study found. Millennials are the most worried about a recession, but also the most comfortable with the market right now.
The study also found that increasing fear isn’t necessarily helping investors make the best decisions about protecting their savings in the market.
on Business Insider.
Investors are growing increasingly worried that a major recession — and an accompany market crash — is coming, according to a recent study by Allianz Life.
In the study — which surveyed more than 1,000 adults in August — 50% of investors said they worry about a recession coming soon, up from 48% in the second quarter and 46% in the first quarter of this year. Similarly, 48% worry about the market crashing, up from earlier in the year as well. Both are the highest readings on the survey since the beginning of 2018.
“The longer we go in this long bull market the more that it seems like people are afraid of when it’s going to stop,” Kelly LaVigne, vice president of Advanced Markets at Allianz Life told Markets Insider in an interview.
In addition, as volatility has continued to spike throughout the summer, it makes sense that investors would be more skittish, he said.
Investor fears about the state of the market are mounting against an increasingly uncertain backdrop. Markets have whiplashed on trade news between the US and China and the threat of ever-escalating tariffs. There are signs that the US economy is slowing, from weakening consumer sentiment to disappointing manufacturing numbers.
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Source:: Business Insider