For the 6th year in a row, Gallup is reporting that more Americans prefer real estate over other long-term investment vehicles for growing wealth. These numbers broken down show that 35% prefer real estate, 27% prefer the stock market, 15% prefer CDs/bank accounts, and 14% prefer gold.
“Gallup has asked a version of the best investment question since 2002, and Americans’ choices have varied, largely in response to the performance of the various investment options. In 2002, as housing prices were increasing rapidly, 50% of U.S. adults said real estate was the best investment, the highest percentage choosing any investment type in a single year in Gallup’s trend. Five years later, as the real estate bubble was about to burst after values peaked, housing still ranked first but with fewer Americans, 37%, choosing it.”