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The bottom 10% of American households have negative net worth. I don’t think these people are significant players on the stock market.
by jdavis703 6y ago
The bottom 10% of American households have negative net worth. I don’t think these people are significant players on the stock market.
- runarberg 6y agoidk. I wouldn’t discount the promise of get out of dept quickly schemes. Reading headlines like “Made x millions on Robinhood”, “Invested in GameStop, now a millionaire” is doubly tempting for desperate folks. And if you have easy money available from predatory lenders (i.e. payday loans, second mortgages, etc.) I wouldn’t be surprised if a significant amount of the bottom 10% have lost money on the stock market. Of course this is a measurable figure, so I’m willing to accept that I might be wrong.