1989
Well-Known Member
Me and my coworkers. (Pension) 401K, IRA, brokerage account.
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Catatonic
Nine Lives
Here's an article from Business Insider to help you understand US Stock ownership.
The dynamics of ownership has changed over the last 15 years sine I was into it heavily.
Here's who actually owns the stock market
Catatonic
Nine Lives
Try to lead him to water although I doubt he will drink.
He is a left-wing Communist type that sources his information accordingly.
First, a tiny percentage of the population owns the vast bulk of securities purchased privately and not through pensions funds etc. Second, most Americans own little or no appreciable quantity of stocks and bonds, either individually or through pensions. Third, most pensions are managed by professional pension managers such that pensioners have neither control nor knowledge of what investments are made and often pay inflated fees for the management as well. - richard wolff
Many middle-class families owe most of their net worth to rising prices for their homes. But by far the lion’s share of the real estate and stock market gains have accrued to just One Percent of the population. - michael hudson
so if thats true, why wouldnt they factor this when they are calculating wealth?
most americans wealth is in their homes.
the retirement system in america is not that great.
in addition its well known america has the worst inequality...so why would the stock market be just?
1989 even said half of the population owns no stock...
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1989
Well-Known Member
That has not been my experience.
1989
Well-Known Member
What job were you working in 1987?
tell me again, what % of the population even owns stocks?
from NPR:
While Trump Touts Stock Market, Many Americans Are Left Out Of The Conversation
Those stock market gains will overwhelmingly benefit the richest Americans
According to Wolff's data, the top 20 percent of Americans owned 92 percent of the stocks in 2013.
Put another way: Eighty percent of Americans together owned just 8 percent of all stocks.
One is that when a politician brings up the stock market as a measure of economic success, that success isn't very relevant to many Americans.
While half of Americans benefit from the stock market (the richest far more than the rest), many lower- and middle-class Americans don't even have the retirement accounts that constitute many middle-class Americans' stock ownership.
U.S.
What We Know About The Trump, House GOP Tax Plans So Far
More than one-third of Americans working full time have no access through their employers to either pensions or retirement investment accounts like 401(k)s, according to the Pew Charitable Trusts.
The Driver
I drive.
"I thought all I had to do was show my orange face on my mouthpiece Fox News and the markets would go to the moon and beyond!"
you and i agree 50% of americans own no stock.
in addition your right now quoting averages which is misleading. it should be the median.
Brownslave688
You want a toe? I can get you a toe.
dont mistake your own propserity for everyones.
most americans wealth is in their house, and blacks and spanish have NO wealth.
many people have the view that the stock market gains are tied to stimulus:
- Richard D. WolffVerified account @profwolff 55m55 minutes ago
So now stock prices go down. Bottom line: capitalism is reminding us that alongside the immoral inequality it breeds, it also generates an instability of mammoth proportions and risks. We should also be reminded that human society can do better than capitalism. @democracyatwrk
Now that new leadership in Washington & at the Fed make noises RE: slowing / stopping the long gov't boost (for fear of its outsized risks), we all face the risk on the other side: the risks of panic-selling of overpriced stocks, as happened last Friday and Monday. [Cont'd]
But everyone knows that stock prices were and remain dependent on the immense government boost and when that boost slows or stops, well who knows how far back down the stock market's prices might fall. [Cont'd]
That kind of boost brought "recovery" to corporations, the rich, those connected to the stock market. That's where all the new $$$ went. It bid up stock prices to wild, distorted levels. [Cont'd]
At that time, fear forced unprecedented "stimulus packages entailing trillions in debt", injecting trillions of $$$ into the economy + record low interest rates, etc. [Cont'd]
The stock market's sudden sharp downward drop last Friday and again Monday is the distorted but partly logical follow-up to the distorted panic that followed the capitalist crash of 2008. [Cont'd]
Catatonic
Nine Lives
I will not.
Too many people own too much house for their needs.
My wife always complained about our house (compared to other friends and co-workers) prior to my turning 42 (turned millionaires).
Now she lets me handle all financial decisions although she writes a lot of checks.
It's all cool.
Too much bling?
Jkloc420
Do you need an air compressor or tire gauge
right
id say its institutional racism and im not sure what else.
yea ill say, my parents have a 36 foot fifth wheel. when i camp, i sleep with the back seats folded down in my car which is 5 feet of space and im 6 ft 3.
the lady who rents from us has a 3 bedroom and shes the only one who lives there; just junk.
