Chip stocks just suffered one of their ugliest stretches on record, and a political shift in Washington may be to blame. History offers a surprising clue about what happens next, but a November 17 earnings report could rewrite it.
The wealthiest Americans have never owned so much of the stock market, with the top 10% now holding a record 93% of US equities, according to Federal Reserve data.
Americans broadly have been participating in the stock market at a higher rate, with a record 58% of households owning stocks in 2023, according to the Fed’s Survey of Consumer Finances.
Still, stock ownership is skewed toward the top: by comparison, the bottom 50% of Americans owned just 1% of all stocks and mutual fund shares in the third quarter, central bank data shows.
Much of what? the 7% of stocks owned by 90% of Americans? I think at some point the richest 10% don’t need their money to be in retirement funds anymore.
Most high income people get 401ks and similar, that’s much smarter to use than just buying stocks. Even outside of those, most smart retail investors buy index funds over individual stocks.
It’s the wallstreetbets folks who yolo their life savings into nvidia
Most shares are owned by retirement funds. It’s a tiny part of what they own.
https://markets.businessinsider.com/news/stocks/stock-market-ownership-wealthiest-americans-one-percent-record-high-economy-2024-1?op=1
From 2 years ago, but I can’t imagine the situation has changed for the better since then.
Much of that is through 401ks and the like though. And much of it is still index funds not people buying individual stocks
Much of what? the 7% of stocks owned by 90% of Americans? I think at some point the richest 10% don’t need their money to be in retirement funds anymore.
Most high income people get 401ks and similar, that’s much smarter to use than just buying stocks. Even outside of those, most smart retail investors buy index funds over individual stocks.
It’s the wallstreetbets folks who yolo their life savings into nvidia