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Is it really true that all the pension funds in USA - let alone all the foreigners (rich and poor) - together own only 16% of the shares in USA listed public co
by pinkfoot 7y ago
Is it really true that all the pension funds in USA - let alone all the foreigners (rich and poor) - together own only 16% of the shares in USA listed public companies.
I call BS.
- hannasanarion 7y agoPension funds represent less than 20% of the stock market, and 90% of households represent only 35% of pension funds, the richest 10% own the remaining 65% of pensions. Since pensions are allocated by earnings, if you're income-rich, you get a bigger pension, and most pension funds are owned by rich people. In addition, much of pension funds go into public bonds and real estate investment trusts, not the stock market anyway. https://www.cnbc.com/2017/09/01/fact-checking-gary-cohns-claims-on-pensions.html https://www.cnbc.com/2017/09/01/fact-checking-gary-cohns-cla... https://www.investopedia.com/articles/credit-loans-mortgages/090116/what-do-pension-funds-typically-invest.asp https://www.investopedia.com/articles/credit-loans-mortgages...
- pinkfoot 7y agoThanks. PS. What am I to make of the throwaway line: ‘Some studies show its a lot more’ [than 20%]