Wealthiest 10% own 89% of all stock in America

[SuaveyBoi115]

Surprised it’s not higher

 

[King_Sage]

ehh.. 10% of the wealthiest is like saying 33M people own 89% of stocks.. I would've thought it was 20%, but this isn't a huge despairity.

 

[itsyoung!!]

ehh.. 10% of the wealthiest is like saying 33M people own 89% of stocks.. I would've thought it was 20%, but this isn't a huge despairity.

Yea because all those 5 year olds (using your math here) buying all that apple stock is really tipping the scale on the economy

 

[Starman]

What's the lowest end of the top 10%?

 

[HE_Pennypacker]

I wish I knew more about investing when I was younger....

As a black man and I could be wrong but I feel like I didn't learn anything about investing, hell anything about finances really until I was older...like, there wasn't an opportunity to learn early on

I plan to teach my kids about investing, credit, and other financial tools so they are way better prepared than I was.

i never knew about any jobs besides medicine, science and engineering. Only at 18 did I learn that the law and business knowledge really run society. I have working opportunities next year in consulting, literally never knew growing up it was even a job.

I have a little share portfolio, and I only found out how investing even works at like 27. My old company, in investments technology, had a FIFTEEN year old cac kid who came in as an unofficial intern. The field is crazy skewed

 

[Streetcar]

What's the lowest end of the top 10%?

Around 100k I’ve read.

 

[Starman]

Around 100k I’ve read.

Then this stat isn't that surprising. 100k isn't a ton of money. I'm there...I bet there are far more 100kers in the top 10% (especially if you're counting pensions) than millionaires and billionaires. Of course the higher you go within that 10%, the more stock will be concentrated.

 

[King_Sage]

Yea because all those 5 year olds (using your math here) buying all that apple stock is really tipping the scale on the economy

then you didn't understand my comment.. proceed

Then this stat isn't that surprising. 100k isn't a ton of money. I'm there...I bet there are far more 100kers in the top 10% (especially if you're counting pensions) than millionaires and billionaires. Of course the higher you go within that 10%, the more stock will be concentrated.

he gets it..