Finance

Investors regaining confidence in economy, survey finds

Individual investors are regaining confidence in the U.S. economy but still remain worried about gridlock in Washington, according to a new survey released Thursday.

Seventy-three percent of retail investors, those who trade stocks for themselves on a smaller scale, said they have confidence in U.S. capital markets, according to the Center for Audit Quality’s (CAQ) annual Main Street Investor Survey.

{mosads}That’s up 4 points from 2013 and the highest level of confidence since 2009, when 73 percent had confidence in the economy. Pre-recession, that figure was at 84 percent in 2007.

But despite the growing confidence, retail investors said they viewed Washington as one of their top concerns hindering investment. Seventy-three percent said they are worried about government regulation.

That was second only to foreign policy worries, which concerned 75 percent of respondents.

“I think there’s a lot of confusion still coming out of the financial crisis about the number of regulations coming out,” said CAQ executive director Cynthia Fornelli. “As rules are continuing to be implemented or delayed, there’s still a lot of uncertainty.”

Pollsters interviewed 1,049 retail investors between Aug. 12-20. The poll has a 3-point margin of error. 

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