By BILL MCCOLL
May 15, 2023
More Americans chose real estate over stocks, gold, savings accounts, CDs, or bonds when asked what they believed was the best long-term investment, according to a Gallup poll.1
iStock image
KEY TAKEAWAYS
- Gallup found more Americans identified real estate as the best long-term investment compared to other types of assets.
- Gold jumped in popularity this year with 26% of respondents identifying it as the best long-term investment, up from 15% in 2022.
- Just 4% voted for crypto, down from 8% in 2022.
Gallup indicated 34% chose real estate, down from the record 45% last year but about the same as prior to the COVID-19 pandemic, which led housing prices to soar.
Gold jumped in popularity, rising from 15% in 2022 to 26% this year and overtaking equities for second place. Stocks and mutual funds were seen as the best long-term investment by 18%, a decline of six percentage points from last year.
Rounding out the top five were savings accounts/CDs at 13% and bonds at 7%.
The research firm added that over the past two years, it’s asked a random half-sample of respondents a similar question, but included cryptocurrencies as one of the options. In 2022, 8% picked digital coins, surpassing bonds. However, following the collapse of the FTX exchange and sinking prices, just 4% voted for crypto this year.
ARTICLE SOURCES
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.
- Gallup. “Real Estate's Lead as Best Investment Shrinks; Gold Rises.”
