If you really take the 1% (not just those billionaires) then a lot of that is IRAs (which are stocks and bonds) as well as personal real estate. If you have an

If you really take the 1% (not just those billionaires) then a lot of that is IRAs (which are stocks and bonds) as well as personal real estate. If you have an IRA plus a house worth a million bucks combined, congratulations, you're in the 1%. By the way, it's nonsense to think that those 1% control that wealth. They'll be lucky to save more than half of it when the next stock market correction is coming in, or when the Fed prints the value of long-term bonds into oblivion. Yeah, maybe they get to vote on some shareholder meeting, or they get to shoot trespassers on their lawn, that's their level of control.