M
arket volatility is causing Americans to reassess their long-term investment strategies. For the 12th consecutive year, real estate tops the list as the best investment choice, according to a Gallup survey conducted in April. Gold has gained ground, rising to 23% from last year's 18%, while stocks have lost favor, dropping to 16%. This shift comes after sharp declines in stock values and a sell-off of U.S. government bonds earlier this spring.

    Economists warn of a potential recession, and investor sentiment is adjusting accordingly. Gold's popularity has increased, but it remains below its record high of 34% set during the post-recession years. Historically, Americans' preference for stocks dips during periods of financial uncertainty, as seen in 2025.

    Income levels shape investment preferences, with higher-income earners more likely to favor stocks and lower-income adults opting for safer investments like gold or savings accounts. Across income groups, real estate remains the top pick.

    Despite declining confidence in stocks, stock market participation remains strong, with 62% of U.S. adults owning stocks through direct purchases, mutual funds, or retirement plans. However, those with stock investments are more likely to express concern about their investment performance, with 53% reporting worries and 26% being "very worried".

    Economic uncertainty is driving a reshuffling of Americans' investment priorities, with real estate remaining the most trusted long-term investment and gold on the rise. Stock ownership remains steady, suggesting that many investors are staying the course for now.