4 ms·
> If 93% of stock market wealth help by the wealthiest 10% represents $10k, Assuming Us has round 300k population. My understanding: lets say whole market is
by falserum 3y ago
> If 93% of stock market wealth help by the wealthiest 10% represents $10k,
Assuming Us has round 300k population.
My understanding: lets say whole market is worth 1Gz, i.e. sum(share*sharePirce) over (all shares in all companies) is 1 gadzilion, so 10% of population (30k) combined own 0.93 gadzilion. While the rest (270k), share 0.07 Gz of market.
on avg per person
0.93/30=0.031Gz
0.07/270=0.00025Gz
(On average, poorer 9 deciles are poorer by a factor of two)