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From the article: The bottom 90% of Americans held about 11% of stocks, and added $1.2 trillion in wealth during the Covid-19 pandemic. The top 10% saw the va
by pwned1 5y ago
From the article:
The bottom 90% of Americans held about 11% of stocks, and added $1.2 trillion in wealth during the Covid-19 pandemic.
The top 10% saw the value of their stocks gain 43% between January 2020 and June of 2021, according to the Fed. The bottom 90% saw stock wealth rise at a lower rate — 33%.
- drdec 5y agoPart of the phenomenon in the 2nd paragraph might be the way the data is picked, in the same way you might find that a basketball team averages 8 more points per game in wins vs losses.