at the end of 2007 would be worth around $265,000 today, according to data provided by Morningstar Direct.Just around 40% of American households with incomes between $22,000 and $49,000 a year have money invested in the stock market, according to theAmong those bringing in more than $90,000 a year? Nearly 90% are invested in the market.
The vast majority of stocks is held by the wealthy, who are and will be weathering the pandemic just fine.More than 80% of all U.S. stocks are owned by the richest 10% of American households, according to calculations by Wolff.By comparison, among U.S. households with a net worth below $16,000, just 8% own stocks.More than 57% of white households own stocks, compared with 30% of Black households, according to the researchers at Boston College.
And the average white household in the U.S. owns around $230,000 in stocks, compared to $17,000 for Black households, Wolff found.Related Tags
The Wall Street and elites as always.
Any one who never took the time to learn how to trade.
I do! Because I’m not stupid to sell low and buy high! CNBC is not helping no one by bringing losers on their show!
All them rich dudes🤡🤡🤡
The last paragraph says that white people benefit so I’m all good.
I do. My family does. We all have 401ks. Quit trying to create divisions in the country.
It’s available for everyone to join. Little money or a lot. If people get left behind by not participating, PARTICIPATE! Get on it!
That’s a silly claim. What do you think your pension funds, social security or 401k is actually invested in? It’s not hopes and dreams.
Where do these bs numbers come from? How does anyone know the % of stock ownership by culture? These numbers are like the presidential polls and you know how accurate those were.
Didn’t think so, but some dummie in my neck of the woods is voting for Trump because she thinks she’s making money because of him. Only reason she’s voting for him. We have to receive real facts.
Well if you apply the basic principle of buy low (market just crashed...) and sell high (market already rebounded..), then you would of benefited. And you also wouldn’t be panic selling at a loss, meaning you never lost any money.
I benefit. Most people do.
The Trump family?
Me
Very true. I like it down so I can buy more dividends with less $$$
Tell that to government workers, cops, nurses, doctors, firemen, EMTs, private sector workers etc. comcast elitist bullshit. Average salary at is $500,000 stocks 👌
Who cares? Invest or stfu lol
of course,1% rich,only FED don't know that.
I left out govt pension plans (fed, state, local) that own stocks, and wealth effect which lifts economy. Ppl up in the mkt spend more. Economy is 70% consumer. Funding for innovation is key. Your iPhone and Telsa exist b/c of capital raises. So many ppl benefit from strong mkt.
Lol
It benefits everyone. Who do you think employs people, the rioters in the liberal Democratic cities? When corporations do well, they expand and hire more workers.
Oh I do. I also benefit when it goes down. Hahahahahahaha!
Too expensive.
Over 50% of people own stocks and even more if you include company and union pension plans. Higher stock prices = companies raise more cash and create more jobs and innovation. Probably, you do benefit, whoever you are.
presumptuous and downright RUDE headline. Obviously see the opinion CNBC holds about their viewers. Frankly if you believe some of their written and spoken words they may be right. I myself have made money with the stock market up and down this year
Oftly presumptuous and downright rude headline. We can obviously see the opinion CNBC holds about their viewers.
Wtf? Wow. Just wow. I guess this was written by a gender studies graduate from Reed Colllege.
What?
Wanna bet?
Cry babies everywhere, not expected from CNBC, land of opportunities remember?
There are many free investing platforms . If you are not in the market it is your own fault. Everyone has access to it .
My calls say otherwise.
stock market or lottery tickets, stores should sell fractional shares of stock instead of big government’s get rich scheme of the lottery
Then why watch you?
I'm Following CNBC. Good indicator I benefit from stocks going up.
False. I do. I do very much
Then it's your own fault.
... learn how to take profits and you won't go back to gambling ... $CCL $DKNG $AAL $M
CNBC Follow Up: But who's hurt when the stock market goes down? You. It's definitely you. You get fucked hard. FakeNews
Why?
Not the majority of the population.... Just you and your vested interests and the FED criminals' cronies and Wall Street and corporate frauds
Lesson to average American: you get rich over a long period of time investing in the stock market. That’s how many of the rich did it, so quit blaming the rich for receiving most of the gains and start participating and become the rich
I guess 401ks don’t count very much
Fishy fishy
it def benefits me
If that's true, why would anyone watch CNBC You guys are eating yourselves, and I am LMAO!!
Idiots who dont invest dont benefit
Wait .... what!? 😁🤣😂
It benifits the president because it means America is doing well!
Who stops anybody from investing?
it's a BigClub and you ain't in it
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