What percentage of Americans Owns Stock 5 important facts
As per the Federal Reserve report, of the total 10 percent of families with the highest income in America, 92 percent families owned stock as of 2020, just above where it had been in 2007. And that includes everyone’s stakes in pension plans, individual retirement accounts, mutual funds, trust funds and students savings programs etc. But ownership randomly slipped for people in the bottom half of the income distribution.
For the year 2020, the top 10 percent of families in America owned an average of $969,000 in stocks. The next 40 percent families owned $132,000 on an average in stocks. For the bottom half of families, it was just under $54,000 in stocks.
Since 2009, serious and massive wealth has been made by the wealthiest of Americans. Further, as per the research by NYU economist Edward Wolff, the top 1 percent of Americans households owned wealth nearly 38 percent of all stocks shares.
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