Here’s What Consumers Are Doing With the Savings From Low Gas Prices

The first few months of 2016 saw elevated levels of volatility in global stock markets amid falling oil prices and worries about a slowdown in China’s economy. Some 40 percent of investors think that volatility is here to stay, according to a new survey released Thursday by Wells Fargo. ‘Clients look at the portfolios and they look at the markets and they just see up 300 points one day and down 400 points the next,’ said Joe Ready, director of Wells Fargo Institutional Retirement and Trust. ‘I think it brings back nervousness and a concern with the economy and if we’re going to go back to a recessionary period.’ After all, 2016 saw the worst start to a new year for stocks in history and the volatility continued well into March. Another four out of ten respondents in the survey, which was taken during first quarter, said the volatility in the markets is adding stress to their lives. MainStreet’s Scott Gamm has details from New York.

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