this post was submitted on 04 Oct 2024
50 points (86.8% liked)

Stocks

821 readers
4 users here now

A community for discussing stocks.

Rules:

  1. No bigotry: Including racism, sexism, homophobia, transphobia, or xenophobia. Code of Conduct.
  2. Be respectful. Everyone should feel welcome here.
  3. No NSFW content.
  4. No Ads / Spamming.
  5. Be thoughtful and helpful: even with ‘stupid’ questions. The world won’t be made better or worse by snarky comments schooling naive newcomers on Lemmy.

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 2 months ago* (last edited 2 months ago) (1 children)

That doesn't really answer the question of whether the 89% figure is misleading due to regular investors having stake in institutional investors though, as suggested by the comment above mine. This would require information on the proportion of those funds owned by wealthy people vs non wealthy. That said you're clearly giving better info than the OP video so kudos for that

[–] [email protected] 2 points 2 months ago* (last edited 2 months ago)

The second link I posted shows that.

Edit: this goes into a lot of depth on income, assets, and debts by quartile: https://usafacts.org/articles/how-this-chart-explains-americans-wealth-across-income-levels/