3 ms·

"Around 42% of the working-age population with a full-time job has a 401(k) or similar plan, and those funds are overwhelmingly invested in stocks" https://www

• wahern 6y ago
  > only 33 percent of the population worked full time or more in 2016. Source: https://www.peoplespolicyproject.org/2018/05/01/only-1-in-3-americans-work-full-time/ https://www.peoplespolicyproject.org/2018/05/01/only-1-in-3-... > In 2018, the average account balance for Vanguard participants was $92,148; the median balance was $22,217. [emphasize added] Source: https://pressroom.vanguard.com/nonindexed/Research-How-America-Saves-2019-Report.pdf https://pressroom.vanguard.com/nonindexed/Research-How-Ameri... 33% * %42 = ~14%. And while the number is debatable, depending on how we define "significant", only a portion of that 14% has significant wealth invested in the stock market. I agree with the previous poster. The vast majority of Americans (including employed Americans) aren't invested in the stock market in any meaningful way.