Frank P. Stafford

Stafford says less educated, smaller investors more likely to sell off stock and lock in losses during market downturn

an In The Media Reference

"What Market Swings Mean for Inequality" - Wall Street Journal. 8/24/2015.

Because stock ownership in America is increasingly concentrated among higher income people - with 90% of all stocks owned by the wealthiest 10% - market busts have less negative impact on lower and middle-income families. But stock crashes do not necessarily reduce economic inequality, says Frank Stafford, since during a crash those with less education and smaller portfolios are more likely to sell off their stock and lock in their losses, while bigger and more savvy investors ride it out.

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Frank P. Stafford

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