Skip to navigationSkip to content

The richest 1% own 50% of stocks held by American households

By Yahoo Finance

Stock ownership has gotten extremely concentrated in the U.S. with the top 1% owning half of equities held by American householdsRead full story

Comments

  • Also share to
  • What this article neglects are the $5 Trillion, in 401k plans. The average person has over $90,000, in their account. They allocate an average, of 56%, in equities. An addition $21 Trillion in pension plans, most investing, in equities. Following ones 401k, if the market goes down, you will see it, and feel the loss. This article is a mantra of the left, and only speaks to a fraction of the Markets, and I did not not bring up IRAs.

  • In all of life’s endeavors comparing yourself to your perception of others is counterproductive.

    If you’d like more wealth, please, build more wealth. But you will never build wealth during the times you are bemoaning someone else’s wealth. You will, however, build unhappiness.

    So this is the choice. You can build your wealth, and in paying attention to what you’re doing and how you’re living you’ll probably also build your happiness.

    Or you can concentrate your energy on feeling negative about

    In all of life’s endeavors comparing yourself to your perception of others is counterproductive.

    If you’d like more wealth, please, build more wealth. But you will never build wealth during the times you are bemoaning someone else’s wealth. You will, however, build unhappiness.

    So this is the choice. You can build your wealth, and in paying attention to what you’re doing and how you’re living you’ll probably also build your happiness.

    Or you can concentrate your energy on feeling negative about what others have. You may find this process works fastest if you really work on feeling the hurt and taking it personally. Be a victim. And you will not build wealth and you’ll become unhappy.

    Your choice.

    PS. The author uses the term “pleasure aircrafts”. Having been directly involved in aviation my entire life I am certain that no one in aviation has any idea what the hell “pleasure aircrafts” are.

  • Time to invest in some guillotines

  • This is something I think about a lot when we're making decisions about how closely to cover the stock market. It's exciting, the names are big, and the numbers are even bigger. But we're addressing a smaller and more concentrated subset of readers when we narrowly focus on stock market price moves.

  • Welcome to capitalism.

Want more conversations like this?

Join the Quartz community for all the intelligence, without the noise.

App Store BadgeGoogle Play Badge
Leaderboard Screenshot

A community of leaders, subject matter experts, and curious minds bringing nuance back to how we talk about the news.

Editors' Picks Screenshot

No content overload: our editors will curate the most notable and discussion-worthy pieces for you every day.

Share Screenshot

Don’t just read the story, tell it: contribute your ideas and experience to the dialogue.