There's a gap between those folks, though, and the median household which earns $63,000 a year but has almost no savings or stock holdings. The median household wealth is $100,000 and that's almost all housing.
Given that stock ownership is about 55% of the public, the median household likely has at least a few shares.
https://news.gallup.com/poll/266807/percentage-americans-own...
In addition, stock ownership has been on steady decline for everyone but the upper middle class.
They stick with bonds and such.
which is a shame. Stocks (or owning businesses in general) is the real way to get out of the rat race.
I wish that financial education is part of the standard school curriculum. Financial education such as what stocks are, what bonds are, and how do you "save" money and budget, and what it means to invest and what risks "mean" etc
Most people are scared of stocks because they think it's "risky" - they'll lose all their money if the company bankrupts.
While that's true, the other factors not considered is inflation risk (of bonds or, of bank savings account). The risk of not investing for the long term is just as bad.
Most models have the numbers of Americans living in poverty or lower class as above 50% of the US population.
It’s unlikely if even what they term “lower-middle class” owns real estate.
Even these[0] models have it at >=50% and they are at least 15 years old, and disparity has only increased since then.
[0] https://en.wikipedia.org/wiki/Demographics_of_the_United_Sta...