But only 52 percent of Americans have money in the stock market, matching the lowest rate in 19 years, according to a Gallup Poll from April. In 2007, according to that same poll, 65 percent reported investing in the market. Based on those Gallup numbers, many Americans lost faith in the market at exactly the wrong time — just as it was staging a powerful comeback.
Looking at the number of Americans who own stock does not tell the whole story. To get the complete picture, it is necessary to determine how stock assets are distributed overall.
I used the 2013 Survey of Consumer Finances to calculate the distribution of equity assets broken down by equity deciles.
The top 10% hold 86.8% of all the equity. The next 10% owns 9.5% of all the equity. The rest own little to none of the equity.
All this is to say: the vast majority of stock market gains go to the top 10%.
Crazy!! You're entire point is that people with wealth have an easier time building wealth. Who would have thunk it???? Call the WSJ
No shit sherlock, the people that invest more money will make more money. That is absolutely not stopping Joe Schmoe from making the exact same % of ROI as those that make billions a year.
BTW, awesome analysis from 2007 and 2013. Super relevant. Thanks!
Once every 5 years, the 40-something BGleason slithers out from under his rock and emerges from his salted earth to shitpost conservative bullshit on a video game message board.
The only positive is after this, it'll be another 5 years.
Seems like trolling.
Anything to add?
Yeah, that you are wrong about everything in post 32, but not that you give a shit.
Slither back away, we'll pick this up in 5 years when Trump is taking asylum in Moscow
I do give a shit.
I have a family.
I have a house.
I have a SEP IRA, I have a ROTH IRA, I have a retirement plan.
I have an HSA, I have sky rocketing premiums, I have sky rocketing deductibles.
