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Originally Posted by Ekco
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That sounds like they aren't gonna back off no matter what disaster comes.
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Does the top 10% own 93% of stocks?
Yes, according to the latest available data from the Federal Reserve, as of the third quarter of 2023, the top 10% of Americans by wealth owned approximately 93% of the total value of corporate equities and mutual fund shares held by U.S. households. This figure reflects the significant concentration of stock ownership among the wealthiest segment of the population. The bottom 90%, by comparison, held just 7% of the total stock value during the same period. This distribution has been relatively stable in recent years, though it can fluctuate slightly with market conditions and economic shifts.
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