Goldman Sachs: US households will provide key support for the stock market

According to BlockBeats, on June 16th, a strategist at Goldman Sachs stated that American households will provide key support for the stock market through the growing influence of their retirement savings. The research team led by David Kostin predicts that American households will directly purchase $425 billion worth of US stocks this year, second only to $675 billion worth of stocks from businesses. They wrote in a report: 'TINA trading remains active and performs well in retirement accounts in the United States.'. TINA (There Is No Alternative) refers to the lack of alternative assets other than stocks. Strategists say that the increasing proportion of 401 (k) plans in total retirement savings, as well as their growing focus on stocks, means that these investments are now more important for the stock market. The average allocation of stocks in retirement accounts has increased from 66% in 2013 to 71% in 2022. Among depositors in their 20s, this proportion is as high as 90%. (Golden Ten)