Pension 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 p

Pension 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...