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The median Joe Sixpack has a pension fund, which is the crux of Lewis' argument (I agree it's ridiculous.)
by drcode 13y ago
The median Joe Sixpack has a pension fund, which is the crux of Lewis' argument (I agree it's ridiculous.)
- ryandrake 13y agoYou're right, but BARELY: http://www.csmonitor.com/Business/2013/0508/Dow-hits-15000-but-percentage-of-Americans-owning-stocks-hits-a-low.-Why http://www.csmonitor.com/Business/2013/0508/Dow-hits-15000-b... The rate of stock ownership (including through mutual funds and retirement accounts) for Americans is around 52%, down from last year. So, while the median American owns some stock, it's probably a minuscule amount. Two percentage points lower, and the median American (Joe Six Pack) owns no stock. EDIT for more related info: 45% of Americans have no retirement savings [1] 1/4 of Americans have no savings whatsoever [2] [1] http://www.twincities.com/ci_23505006/americans-retirement-savings-falling-short-new-study-says http://www.twincities.com/ci_23505006/americans-retirement-s... [2] http://www.ibtimes.com/over-fourth-americans-have-no-money-their-savings-accounts-half-them-would-be-broke-within-three http://www.ibtimes.com/over-fourth-americans-have-no-money-t...
- drcode 13y agoInteresting- Thanks.