Confidence in mutual funds and in the stock market overall has tumbled by almost half in the last year, according to a nationwide Internet study by marketing research and consulting firm Decision Analyst, conducted last month.
The study was conducted as part of the firms monthly Economic Index survey, which includes a sampling of several thousand households balanced by gender, age and geography. The Index has a margin of error of plus or minus 3%.
Gender does play a role in the surveys findings, as 32% of males expect the value of mutual funds and stocks to increase, while only 15% of females are as optimistic. Age played a factor as well, as 20% of those between the age of 35 and 44 old thought mutual funds and stocks would turn it around. However, 29% of people age 55 and higher had faith.