3 ms·
But 84+33>100...? I know you have sources there, but something doesn’t as up. I suppose there is overlap in top 10%, and retirement accounts. Also, top 10% a
by ImprovedSilence 7y ago
But 84+33>100...? I know you have sources there, but something doesn’t as up.
I suppose there is overlap in top 10%, and retirement accounts. Also, top 10% are a lot of people, and they are probably mostly the ones close to retirement.
Not saying there’s not wealth inequality, but look towards the top .01%.
Also, I have an online brokerage account that I use to invest in stock. It’s not tax deferred, or labeled as retirement fund, but it is definitely a supplement to my 401k, and I only plan to withdraw as retirement. I would wager there’s a bit of “unlabeled” money like that out there too.
- N_trglctc_joe 7y ago> But 84+33>100...? I know you have sources there, but something doesn’t as up. There's only a contradiction if the two groups are mutual exclusive. Retirement accounts belonging to those in the top 10% will be counted in both categories. Assuming the data is good, a little math shows that less than half of stocks owned by retirement accounts belong to the bottom 90%.