Moomoo User Q3 2023 Personal Finance Survey
Despite calls by many economists a recession has yet to materialize. Employment remained strong in the third quarter while inflation came down from much higher levels reached earlier in the year.
The US stock market had stellar gains to start the year, but September brought a dip in returns with the S&P 500 index falling 4.9% and the Nasdaq 100 index dropping 5.1%. *
Moomoo surveyed its users at the end of the third quarter to find out how they are feeling about their finances, how financially resilient they are and how they are working to meet their investing goals and to achieve financial freedom.
Their answers painted a mixed picture about what worries them and how they are preparing for the future.
Four key takeaways from surveyed users:
How do users feel about their finances?
How financially resilient are users?
How can users achieve financial freedom?
What are users investing styles and goals?