“The rich now own a record share of stocks”
January 16, 2024
“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.