The wealthiest 10% of Americans own 90% of these stocks.
Most of you reading this are in the top 10%.
Stock prices are a game among the wealthy who haven’t demanded that workers should be paid more to lower the absurdly high corporate profits.
Most of you reading this are in the top 10%.
Stock prices are a game among the wealthy who haven’t demanded that workers should be paid more to lower the absurdly high corporate profits.
Top .1% is $3,212,486/year
1% is 823,763
5% is 342,987
10% is 173,176
I am waaaaay under that. Education is a joke.
This is a bit hard to parse - you might have to multiple the distributions by population and/or total national wealth to get household amounts: https://www.federalreserve.gov/releases/z1/dataviz/dfa/distr...
This is interesting, as it shows wealth inequality with a breakdown by educational attainment: https://www.stlouisfed.org/open-vault/2020/december/has-weal...
2019
> To be in the top 10%, a family needed $1.22 million or more (slightly less than in 2016).
> To be in the bottom 50% meant a family had less than $122,000 in wealth.
Median: $121,411
p90: $1,219,126
p95: $2,584,130
p99: $11,099,166
p99.5: $17,557,208
p99.9: $43,207,732
Now to be fair I am not sure you can normalize this as we don't know what the future holds but it's worth noting for anyone sub 30 years old.
No, you want the skew. The goal is to capture the people who own 90% of stock, so you do want wealth regardless of age.
It would be more accurate to have some measure of stock ownership to income, but I think that would not be as useful. Stock ownership probably does just track closely with age, since you store up all these assets to live off during retirement. Most young people will not own 1M+ in retirement and investment funds. Even high income people will instead spend that money on a house etc.
There are serious labor shortages throughout the job market.
https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-...
Again this is wealth so the top 10% is households with at least $1.2 million USD in net worth.
> The top 1% gained over $6.5 trillion in corporate equities and mutual fund wealth during the pandemic, according to the latest data from the Federal Reserve.
> The bottom 90% of Americans held about 11% of stocks, and added $1.2 trillion in wealth during the Covid-19 pandemic.
https://en.m.wikipedia.org/wiki/List_of_countries_by_average...
https://worldpopulationreview.com/country-rankings/median-in...
2. The other deleted sibling comment had a valid point. The other higher ones are small nations.