03-18-2016, 12:24 PM
(03-18-2016, 11:14 AM)Benton Wrote: I haven't seen recent numbers, but less than a decade ago, 10% of the population owned 80% of stocks, and the top 5% owned 75%. The bottom 60% of the population owned 3% of stocks. Those mutual funds by the bottom 90%, the majority were less than $10k.
But, yeah, obviously mom and pop are benefiting with their 3% like Scrooge McDuck and his 75%. Obviously.
Well, 15% alone is pensions and govt retirement funds - that IS mom & pop. To say nothing of 401K money and other savings invested in the markets.
I'm guessing your number didn't include indirect ownership of stocks. Roughly 50% of Americans have some form of stock ownership, directly or indirectly. But go on buying into your misguided facts because it allows you to believe what you want and post funny but ignorant memes.
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