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Economy, Stocks

“The rich now own a record share of stocks”

“About 93% of U.S. households’ stock market wealth is held by the top 10%… Details: While it’s true that a record high 58% of American households do own stocks via mutual funds or as individual shares, in the aggregate the amount of stock most of these folks own is tiny…”

https://www.axios.com/2024/01/10/wealthy-own-record-share-stock-market

This article makes no sense. How can a record amount of Americans own stock yet “now” the rich own the most stock. That means they [the rich] always have. According to the article more Americans than ever own stocks.

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