4 ms·
The bottom 50% of the population holds 2.4% of all wealth. The top 10% holds 69%. https://www.stlouisfed.org/institute-for-economic-equity/the-state-of-us-wea
by mjamesaustin 3y ago
The bottom 50% of the population holds 2.4% of all wealth.
The top 10% holds 69%.
https://www.stlouisfed.org/institute-for-economic-equity/the-state-of-us-wealth-inequality https://www.stlouisfed.org/institute-for-economic-equity/the...
- twoodfin 3y agoWealth (i.e. net worth) isn’t the relevant statistic for how much the market “cares” about a particular demographic. Aggregate disposable income is. A young doctor with $100k in med school loan debt is part of that “bottom 50%” of wealth but nonetheless an extremely attractive target for “the market”.
- rrrrrrrrrrrryan 3y agoBy default, company executives are beholden to the shareholders (i.e. the wealthy). In a healthy competitive market, they're also reactive to customer desires, but when they're presented with the opportunity to decrease competition through consolidation or other means, it's blatantly obvious where their true loyalties lie.
- bluGill 3y agoMost weath in retirement plans. Sure the rich hold them, but if you are reading this you probably have 401k and.are part of that.