3 ms·
That includes 401k and IRAs etc. which obviously very few living outside of middle class have. In addition, stock ownership has been on steady decline for ever
by kitotik 6y ago
That includes 401k and IRAs etc. which obviously very few living outside of middle class have.
In addition, stock ownership has been on steady decline for everyone but the upper middle class.
- tathougies 6y agoWell you're not wrong on the overall trend over the past twenty years, but over the past four or five, the rate has been trending upward. Most of the downward movement was during the recession, for which it's not obvious that the reason ownership went down is not mainly panic selling (i.e., individual choice and risk tolerance) instead of anything systemic.