Investor Illiteracy

The great bull market of the 1990s has generated euphoria in millions of inexperienced investors and laid the groundwork for privatization of Social Security. But extensive poll data suggest that investor expectations are grossly unrealistic.

by

The American Prospect depends on reader support

If you are scraping by right now, please don’t give us anything. But if you have the ability to support independent, non-profit journalism, we are so grateful. Your voluntary contribution helps keep this website paywall-free. You can sign up as a subscriber with a range of benefits, including an opt-in to receive the print magazine by mail.

Click to View Subscriber Levels: IDEAS, POLITICS & POWER