The Wealthiest 10% Own 93% of the Stock Market – What Does This Mean?
The Federal Reserve reports that the wealthiest 10% own a staggering 93% of the stock market’s total value. The highly unequal distribution of wealth means that the gains from the recent bull market have primarily benefited the top 10%, while the majority of Americans hold meager stock holdings. Progressive economists argue that policies favoring asset growth over wage growth contribute to this disparity. The narrowing of the market, with a few superstar companies driving its success, further discourages broad-based participation. The concentration of wealth in the top echelons of society raises questions about the true extent of prosperity and emphasizes the urgency of addressing wealth inequality.
