The top 10% now own 93% of all stocks while the bottom 50% owns 1%. The stock market is a meaningless measure of the economy.

☆ Yσɠƚԋσʂ ☆@lemmy.ml · 6 months ago

The top 10% now own 93% of all stocks while the bottom 50% owns 1%. The stock market is a meaningless measure of the economy.

Perhapsjustsniffit@lemmy.ca · 6 months ago

We’ll no shit… didn’t we already know this?

dependencyinjection@discuss.tchncs.de · 6 months ago

I did not know this. Like I knew they had a lot of the wealth but 93% of the stock market is frankly depressing and the reason nothing will change unless we starting eating some people.

The top 10% now own 93% of all stocks while the bottom 50% owns 1%. The stock market is a meaningless measure of the economy.

The top 10% now own 93% of all stocks while the bottom 50% owns 1%. The stock market is a meaningless measure of the economy.

The wealthiest 10% of Americans own 93% of stocks even with market participation at a record high