return2ozma@lemmy.world to News@lemmy.world · 11 months agoThe rich now own a record share of stocks, about 93% of U.S. households' stock market wealth is held by the top 10%www.axios.comexternal-linkmessage-square111fedilinkarrow-up1670arrow-down116cross-posted to: hackernews@lemmy.smeargle.fansusa@lemmy.mlhackernews@derp.foonews@lemmy.world
arrow-up1654arrow-down1external-linkThe rich now own a record share of stocks, about 93% of U.S. households' stock market wealth is held by the top 10%www.axios.comreturn2ozma@lemmy.world to News@lemmy.world · 11 months agomessage-square111fedilinkcross-posted to: hackernews@lemmy.smeargle.fansusa@lemmy.mlhackernews@derp.foonews@lemmy.world
minus-squareMaggoty@lemmy.worldlinkfedilinkarrow-up3·edit-211 months agoThen you don’t understand the statistical definition of middle class. According to PEW the bounds in 2021 were 43,000 and 130,000. If that sounds like it’s not enough to be financially secure in the modern day… All I have to say is people have been trying to tell everyone. That said, yeah of course we’re not trying to eat the merely rich. However the stock market is hardly some big equalizer if it effectively only serves the top ten percent.
Then you don’t understand the statistical definition of middle class. According to PEW the bounds in 2021 were 43,000 and 130,000.
If that sounds like it’s not enough to be financially secure in the modern day… All I have to say is people have been trying to tell everyone.
That said, yeah of course we’re not trying to eat the merely rich. However the stock market is hardly some big equalizer if it effectively only serves the top ten percent.