Did This Happen by Accident to 89% of America’s Stock Market Wealth?
Two well-known facts about the US stock market: (1) The Top 10% owns 89% of all US stocks. (2) 58% of adult Americans own stock. But . . .
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These two well-known, often-quoted stats are both at least technically true.
But whether technically true or not, they are each deeply misleading.
Two goals for today
- Look at how ownership of the U.S. stock market actually breaks down.
- Step through the “thinking chain” that took me from the two facts (above) to…
