Your belief does not reflect reality. 10% of households own 84% of equities owned by households [1]. This is actually a rosy estimate, because the denominator

Your belief does not reflect reality. 10% of households own 84% of equities owned by households [1]. This is actually a rosy estimate, because the denominator is "equities owned by households". Extremely wealthy households shield their assets in trusts and pooled investment vehicles that are not reflected in this figure. As we know, the distribution wealth follows a power law despite the distribution of human endowments following a Gaussian. [1] https://www.ft.com/content/2501e154-4789-11ea-aeb3-955839e06441 https://www.ft.com/content/2501e154-4789-11ea-aeb3-955839e06...