Benjamin Carr, Ph.D. 👨🏻💻🧬<p>About 93% of <a href="https://hachyderm.io/tags/US" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>US</span></a> <a href="https://hachyderm.io/tags/households" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>households</span></a>' <a href="https://hachyderm.io/tags/stockmarket" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>stockmarket</span></a> <a href="https://hachyderm.io/tags/wealth" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>wealth</span></a> is held by the top 10%.</p><p>While it's true that a record high 58% of American households do own <a href="https://hachyderm.io/tags/stocks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>stocks</span></a> via <a href="https://hachyderm.io/tags/mutualfunds" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>mutualfunds</span></a> or as individual shares, in the aggregate the amount of stock most of these folks own is tiny.</p><p>In the last 10 years, <a href="https://hachyderm.io/tags/SP500" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SP500</span></a> gained 155%, and the tech-heavy <a href="https://hachyderm.io/tags/Nasdaq" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Nasdaq</span></a> a whopping 250%. While bullish surges like those are welcome investors, fact is that majority of the gains go to the <a href="https://hachyderm.io/tags/richest" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>richest</span></a> <a href="https://hachyderm.io/tags/stockholders" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>stockholders</span></a>. <a href="https://www.axios.com/2024/01/10/wealthy-own-record-share-stock-market" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">axios.com/2024/01/10/wealthy-o</span><span class="invisible">wn-record-share-stock-market</span></a></p>