84% of stocks owned by richest 10% of Americans

84% of stocks owned by richest 10% of Americans

84% of stocks owned by richest 10% of Americans

By / Investing / Sunday, 02 December 2018 21:08

Every time Trump reminds you that the stock market has experienced a feverish, tubercular bloom under his presidency, just recall that 84% of stocks are held by 10% of Americans.

The wealth of middle class people is primarily in the form of their personal residences, whose value has driven to incredible peaks by rich people (often represented by hedge funds) diversifying their portfolios by speculating in the property markets.

 

Boing Boing.

Author

NexPro Media Staff

NexPro Media Staff

Leave a comment

Please publish modules in offcanvas position.