Survey: over half of Australians are not invested in the share market

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A recent survey commissioned by Savvy found more than half of all Australians surveyed are not invested in the stock market, with more men than women investing.

Key findings of the survey include:

  • Fifty-three per cent of men have not invested in shares, compared with 67 per cent of women

  • Fifteen per cent of those surveyed have up to $5,000 in shares

  • Seven per cent have between $5,001 and $10,000

  • Six per cent have over $100,000 invested in shares, with a split of eight per cent of men and four per cent of women

  • The age group with the most share investments are the 55-65-year-olds, with 13 per cent with over $100,000 in holdings

  • In the 18-24-year-old group, 64 per cent have no shares

  • Of those invested in shares, 46 per cent said they provided a ‘good return’, with more men (52 per cent) than women (38 per cent) having this sentiment

  • About a third said they are investing for retirement, 36 per cent of men and 31 per cent of women

  • Twenty-four per cent said they are investing in shares because saving rates are low, while 22 per cent said the returns were superior compared to other alternatives

  • Just over 10 per cent said they are investing as a hedge against inflation, with 30 per cent saying they are ‘extremely worried’ about inflation outpacing income