The wealthiest 10% of Americans now own 89% of all U.S. stocks, a record high that highlights the stock market's role in increasing wealth inequality.in corporate equities and mutual fund wealth during the Covid-19 pandemic, while the bottom 90% added $1.2 trillion, according to the latest data from the Federal Reserve.
The growing concentration of wealth comes despite millions of new investors coming into the stock market for the first time during the pandemic, leading to what many have labeled "the democratization" of stocks.added more than 10 million new accounts over the past two years and now has more than 22 million — many of them held by younger, first-time investors.
"Many of the younger investors also bought in at higher prices, compared to bigger investors who have been in the market for years and see larger gains," Rosenthal said.
Success leaves clues.
The 80/20 rule
And they keep getting tax breaks and stock market subsidies are ticking along at something like $70 billion per month.
I use to care about the stock market back when corps and stock holders put the profits back into their companies but now they just hoard their wealth and I don't give a damn about the market anymore.
The rest of us can participate in the remaining 11% of the stocks. And if you do well you can be one of the owners of 89% of stocks. Stop whining and start winning.
Now Democrats are looking to steal our 401ks!
And their still complaining.
This is sad...
Right in time for the new “variant” gotta get more of the share before Bitcoin starts to eat away at stores of value
They will own 100% sooner or later..and all the broke people commenting on this will still be carrying their water.
Is this a news?
NO SHIT !!😶
Bs
The wealthiest 10% of Americans also account for approximately 71% of federal tax revenue. The top 1% accounted for 40% of the total federal tax revenue.
That's not surprising. Wealthy people manage their money. Middle class and the poor spend their money.
This is a magjor stain on the wealth class.
because they’re the smart guys
Can they get to 100% That would be sick to own them all.
bob_levitt This is obscene
So I guess that's who cares if the market is up or down - because for the rest of us it doesn't make any difference.
Does anyone see a problem here? 🤔
That's a lie!!! Coming from leftist CNBC... Where do foreign people play? Foreigners do not own us stocks? CNBC Answer that please
Source?
Ain’t nobody else have money for that; ehibited by politicians saying I could remodel my kitchen with a thousand bucks.
I can believe. Buy good stocks early and forget about withdrawals until you are fully retired, if you can. The tax man will find you, hopefully later than sooner.
It would be weird if the poorest owned more 🤷🏼♂️
That is not even close to being true. Thanks to Trump in how he handled the pandemic CHINA owns most of American stock.
Wow
Well, it’s not the poorest that own it.
Any idea about this stats in India?
The smell of Freedom. This is why everyone is rushing to get into America. DonaldJTrumpJr RNCLatinos
COLLECT BACK TAXES OWED TO PAY DOWN THE DEBT, LESS TO INCREASE! IRS_CI Employees and Contractors Caught Destroying Records of Tax Evasion for Auto Company canceling warranties TRN-2009-0433. Enabled by David Fish & David Nimmo IRS_CI, David Greek TIGTA
CNBC want to create division.
How many times do we need to see this? Enough already!!
Crypto is the way drainthebanks
blockchain is the future and the banksocialio is at the centre💰💰💰💰
Crash the market, save the world
I pray the Lord can forgive the unreasonably wealthy for spending money on cocaine and a high-life while blacks have been suffering.
So basically if they sell... All these Mom and Pop's who have their life savings invested in such could take a nosedive, correct? It's gambling in general. I hope people learn their lesson from the 2008 crash. Have they not learned? It might not go back up next time. Restructure
You mean that pensions and insurance funds own very little
If you want to gamble don't do stocks , go to Las Vegas to gamble and after you gamble you can go see a show with nice dancing girls.
It's almost as if they want to control the stock market or something. What percentage makes up a monopoly?
Repost again ?
Good for them
That’s bad
does that go against the principles of economic democracy?
Good.
so if you own stock you're in the top 10%
good
and why its bad?
What a lovely country
That’s why they are wealthy! They invest their money, they create jobs, in fact, in most cases those stocks are from the companies they created!
I supplement my income by hanging out in nightclubs hoping some asshole will make it rain.
That is the difference between Main Street USA and Wall Street hardly surprising
Omg enough. How about you talk about the homeless in Los Angelas under Democrat policy. Take some dam responsibility.
Wake Up American’s. Democrats and Republicans don’t want illegals documented so they can run their enterprises off free slave labor !!!
And do not consume one another's wealth unjustly or send it [in bribery] to the rulers in order that [they might aid] you [to] consume a portion of the wealth of the people in sin, while you know [it is unlawful]. - Quran 2:188 Quran
This means, by thinking about stock market, USA president always think about 10% American riches. But, Stock market high won't help USA remain high economically.
and you can hardly tax them, nice
Because they use Joe Bidens and Kanaka Harris illegal aliens for slave labor just as they do. And Pelosi has used them for slaves for decades. And just as many Republican have also. Don’t wonder why both parties want to stop this. AMERICAN CONGRESS IS GETTING RICH OFF THEIR BACK
GREAT.
Amazing timing to release this crap 💩…hahahaha elonmusk
What's your point? People need to plan for their future? 🤷♂️
Why not, this system is designed, manuplated by them. U should thank their mercy to give the 11% to normal
That’s socialism 🤨
Lmfao. Anyone who doesn't see the revolution coming is a moron. The smartest billionaires are itching to get money back into the hands of the avg citizen bc they know once the people turn their fortunes are worthless.
The Cantillon Effect in action.
So
It's the law of the stock market that the active will transfer wealth to the patient.
Everyone has the opportunity to own stock. If people are not invested in the market, they choose not to be. All it takes is $25 to own a share of AT&T. It’s not a lot but people need to begin somewhere.
So be it....not sure if we want the other 90 to have equity once the crash happens.
May be that's why they r wealthiest 10% 💰
Nothing is stopping the other 90% from buying stocks except ignorance and communist thinking.
Kewl.
Some folks are so busy stuffing their face that they don’t see their neighbor starving.
What about politicans free money
That's because Wall Street is the casino for the super rich.
Ppl who have owned stocks over the past 10 years have done very well.
Not bad for the 90% for owning 11%. 👏👏👏
Of course they do. And manipulate minor shareholders to fleece us. Free exchanges. Use crypto! DeFi hotdoge bnb vip
Swim with the whales!
Hmmm?
In a certain business some of them took my hard earned money. Facts about fraudsters.
What happens when you’ve been here for 300 years! Keep promising the idiots the gov’t is going to make their lives better and printing $$$ - not our first rodeo
Yup, and that’s the REAL problem of our society, not climate change and world hunger! It’s a flaw in the equation which needs to be fixed by our global human consciousness. It’s a spiritual problem not a scientific one - as is corona btw.
In other news, a new study suggests water is wet
While Poor Americans own SHIBAINU SHIBASWAP coin $SHIB and DOGELONMARS coin $ELON ... lol
Shocking news 🙄🤡
This is exactly why GARYYYYYY, wants to stop crypto.....Bitboy_Crypto sentosumosaba Ripple cryptocurrecy
With a 98% winning strategy, you can be sure of making a minimum of 21% profit daily. Follow and dm to know how.
Cool!
robtfrank Uh, hello. I called robbery as soon as this pandemic popped off. The Elite do what they want. They own it all.
robtfrank 54%🧐
robtfrank Good or bad? Nothing says more 'I really don´t care. It´s been great for me.' than the smile on his face. Priceless.
robtfrank the stock market is a suckers con! yeah I want the richest and the dummest who all voted for trump to take my money ha ha ha ha ha ha please!wait until their is no pandemic .
robtfrank thanks to you cheering the printers to devalue the fix income of everyone
robtfrank For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her earn_with_Jens1 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success
robtfrank And the bottom 99% are left paying back the debt to the tune of $30+ trillion accumulated through the 1% avarice and greed. Sounds like an equitable transaction, no?
robtfrank thanks
robtfrank SHIB ❤️ shibainu 👍🚀 ShibaSwap 🧨🧨🧨 shibabone 🌹🌹🌸🌸 SHIBARMY❤️ shibainu 👍🚀 ShibaSwap 🧨🧨🧨 leash 🌹🌹🌸🌸 SHIBARMY❤️ shibainu 👍🚀 ShibaSwap 🧨🧨🧨 SHIBA_INU_COIN🌹🌹🌸🌸 💎💎 shiba 💎💎
As Biden shrinks the middle class at lightning speed.
And? I scrimped & saved 30 yrs ago until I had $2,000 & then I got started. Don’t worry about what someone else has, get busy & you’ll be amazed what YOU can do! 🇺🇸
So what's going to happen when it crashes?
UROCKlive1 How many of them are sitting in senate or congress?
🙄 Because they have the most money 🥱
Huge change… Click bait? As of Q1 of 2021, the top 10 percent held 69.8 percent of total U.S. net worth
Where's my trickle? GOP keeps promising that the wealth will just trickle down.
I'd tell you a joke about trickle down economics but you wouldn't get 99% of it
Capitalism failed
So. What's the point. It's bad if people do better then me?
Damn shame
Okay that’s what successful people do - they don’t look for the government to take care of them!
Economic terrorists.
America is not capitalist. It is a 'mixed economy,' meaning part capitalist (that part is almost dead), part socialist, part fascist, and part undefinable mish mash, all smashed together and pushed by pressure groups and political pull to force others by coercive law.
They also pay over 70 percent of taxes - just sayin eh!
Yes, statism and govt economic intervention, manipulation, and currency control, leads to the bifurcation of wealth.
Right, hasn’t that always been the case? It doesn’t mean the other 90 percent don’t own stocks. We’ve always been top heavy. What were the numbers in the steel/railroad days?
No kidding really
And on top of their generous tax cuts that unlike the middle class never end. Trump dumped another couple of trillion into the stock market for them
Does this include partial shares owned by people with small 401ks?
Glad they got a tax break….
Your sweet Nancy Pelosi’s husband is doing might fine in the stock market too! The irony 😂
What did you expect to happen after Bitcoin was introduced? It's a far superior savings technology, far more available to the little guy, that can be bought in amounts as low as a single dollar's worth.
Its the viruses fault
So this is strange but not that 90% of the media, big tech and big pharma is owned and controlled by none-orthodox jews who make up 1% of the US population?
in capitalism we trust
This is why I hate America and everyone else should to.
WTH
Because people choose to live in tents rather than work.
It’s time to fix this problem.
“Productive people build productive things. They should be punished.” CNBC
Good, means 90% is just plain stupid.
Ugg.
Wonder how much Walmart, Amazon, Pfizer, Johnson&Johnson, all made just during the plandemic.
But how much Bitcoin do they own? 🤔
The us is past it’s expiration date.
The system is broken, and Nancy Pelosi wants ordinary Americans to inform the IRS of all transactions above $600. I’m sure she is in that top 10% herself.
Isn’t that called collusion? That’s just not right
Blame the SEC / gov where they do not allow people to invest in IPOs before they go public. This is intentional & they do it by saying g they are protecting non institutional investors.
DJnunnz Meaning?🤔
The stock market is the single largest driver of inequity in history. It should not exist.
Can’t be right because retail traders on $HOOD move the market
No wonder they hate the proposed capital gains tax increases...
What kind of economic system does man expect in this world? Is this what is called economic justice?
'A shrinking share of Americans are getting rich off the market's dizzying rise. The top 10% of Americans now own 84% of all stocks. “Despite ~half of all households owned stock, the richest 10% controlled 84% of the total value of these stocks in 2016.'
Barf
Because they own us and we let them
Paulasmyth13 no surprise there, all for them, crumbs for the rest
And that including the President and Congress.
Immoral and unsustainable.
$50 Trillion taken up by the top 1%
I wouldlike to know what percentage of politicians is part of this 10%?
So basically they control the stock market and the market is actually only as good as who’s talking and saying what🤷🏻♂️🤣🤣
I wonder what would happen if we erased stocks.
Of course they do & they're buying Senators & Reps to have it ALL! Let's turn that around-call your Senator to pass FreedomtoVote Act to reduce political corruption & protect OUR voting rights so govt works for US again-not just for their wealthy donors:
Spreading the lies
And SpeakerPelosi owns about 10% of that!
VegasVisions And 95% of Congress
Uh why would you exclude 401k, pensions, and other retirement accounts? That's literally how the majority of Americans' stock ownership works
jengrimes8 This is real America, and they do not want to share. 6% GOP- 4% Democrats?
Lol
How many of em own a jpeg tho
Sounds right. If you create it then you will own it
So what .
cagney1991 You still work 9 to 5 and work like a dog 🤨😎
And yet, when retail investors take a stand, many of which are average joes/janes. cnbc chooses to advertise those retail investors as financial terrorists while representing the top 10%. Don’t try to spin this narrative like you care now
Egg chicken
Hey look another story highlighting SpeakerPelosi you made it to the big time girlie
What % live in West Virginia other than Sen_JoeManchin
💥🚗 🚗
This is further evidence of the continuing wealth disparity in this country. The US is 1 in wealth and 19th in standard of living for avg citizen. Education continues to decline compared to other advanced countries. 'Promote the general Welfare' is a prescribed function of govt
Immoral.
And we can't get new fucking roads because of their greed
This was yesterday - what do you have for me today?
A lot of them are buying Shiba Inu coins. Shibarmy Shib
What’s that criteria?
Wanna guess who they voted for?
Don't worry folks, all that money's going to be 'trickling down' to the rest of us real soon.
Need to break it down between the 9.9% and the top 0.1% because it's not evenly distributed.
Seems there's a lot of outrage over this statistic. So what percentage would be considered acceptable?
Utterly obsurd...
Hmm, well not going to feel bad AT ALL when the market crashes. They can transfer all their wealth to me when they FOMO into crypto. (And they will)
Robinhood is solving this problem 😝😝😝
No wonder trump was always obsessed with the stock market.
And they pay how much in taxes? Nothing you say. Shocking
which is why Congress will increase the debt ceiling
Why America is failing. The people are waking up. No more of this crony capitalism bullshit.
N.G. and sad....
Can’t wait for it to trickle down into my hands!!
Have mercy on us the Trickle Down is working
The StockMarket could be a great wealth equalizer
What % of Americans don’t own any stock?
And federal reserve wants to create more wealth inequality 😂
What’s the causality here? Do people get rich independently, and then buy stocks, or are they wealthier BECAUSE they buy stocks? People who save and buy stocks = wealthier People who don’t save = poorer Maybe more people need to buy stocks.
Stock Market: Scam Confirmed
Yet people think the stock market is a good economic indicator. Complete BS.
And that’s why the rich stay rich
Rich looking mighty plump.
This attempt at envy and division is tiring. Millionaires have been created from DOGE SHIB GME AMC TSLA and a ton of others meme stocks and crypto. $100 invested in BTC 10 years ago is worth over $77,000,000 today. Everyone makes choices even poor people.
Yeah, but do they own 89% of crypto? In the decade to come crypto will be the big equalizer for those who get in before it takes over finance.
I think it's the other way round. They became wealthiest by owning 89% of all US stocks
Everything is fine. This country isn't a scandal at all.
That’s why crypto is important more than ever by the people for the people. crypto
Yes, the 10% run our country and what they want, they get! Totally!
Does this surprise anyone?
They’re available to all.
And…who’s surprised?
Jasperlope Outlaw stocks. They're nothing like their original conception.
And the rest of us have crypto ngmi
Insider trading.
Don’t worry, all of their debts will fall on you in the way of paying through the prosecution for rent or fee of something you never had.
Once the have and have not have large divided at 1/10 and 9/10, unless voters suppression happened, wealth transfer will happen via political actions at the ballot boxes, or the gun.
Buy bitcoin
Are you surprised?
So, you're saying pension funds, 401ks and Individual investors account for 11% COMBINED? That makes 0 sense!
Your daily reminder that you want wealthy people investing into our economy rather than elsewhere or hoarding in a bank account. That way it helps you and I as well
Nooooooo, I thought the poorest 10% would be spending a bunch of liquidity on stocks. Geniuses
💯
Basically the rich have extra money they're just storing in the stock market. Each dollar increases value for everyone else, a sort of 'collective' bank account for the rich. The poor don't have access to this. We could use more money usage/circulation.
Disgusting
Maybe they work their asses for it
The gap is getting wider - you don’t think America is a communist nation? Think again- the upper class trying to keep all classes below them down- govt officials included- they protect themselves.
But, but, the 401Ks Shouldn’t they be at a record high
so, a rigged market. good for Jim 2008 Crash Cramer
Yah that’s how capitalism works. Are people surprised?
Brycetv1 Get money
I am making a comeback. One day, I will be in that 10%. Learn money if you want some.
You don’t have to be “ wealthy” to invest in the stock market .
MassSustainedProtests GlobalGeneralStrike GeneralStrike NationalStrike TaxStrike LaborStrike BankStrike RentStrike DebtStrike MortgageStrike MinimumWageStrike CreditCardStrike PeoplesStrike PeoplePower EatTheRich RaiseTheWage GuillotinesNeeded WeAreClosed
Yet the IRS wants to monitor the 90%. Can the IRS just let us struggle in peace?
It’s all fake money. They use it to inflate their wealth to borrow money to live on. When those loans come due, they borrow more and inflate their stock price. When all the stocks add up to more money than exists, that should immediately point to a problem.
Good
The top long-term capital gains tax rate is only 20%. House Dems have introduced a bill to raise it for upper-income individuals. TaxTheRich
It would seem that 90% of Americans aren't very good at this capitalist thing. KyleKulinski
Simple but shocking numbers !
It seems like they want a complete overthrow of the economic model in the US because this is exactly how that happens.
And yet Americans continue to vote Republican and transfer more wealth to the wealthy.
And Sen_JoeManchin is saying “let them eat cake.”
trump was pres for 4 years & all 4 years all we heard from the pro trump crowd was how wealthy they were all becoming because of him.... yet they remain silent now that biden's financial performance is kicking trump's ass... so typical.
The top 1 % pay 90% of all taxes there goes your narative that the rich dont pay their fair share
If anyone would like to know why, it's because the 90% of Americans that don't own all the stocks are too busy being carved up by the 10% for every last drop of their financial value.
Biden is crushing the middle class!
If this is based on the Fed's DFA data, then it excludes 401(k)s and pensions, which seems like a pretty big deal in assessing the importance of the stock market to ordinary Americans.
But the IRS NEEDS to know what you’re spending $500 on, the rich have different rules than us because they WRITE the laws
Yeah how do you think they got rich lol this is like writing an article saying “most of the world’s water is in the oceans”
Are they all relatives of congressmen? We have to ban their Free pass to insider trade, or nothing will change. Then again, 1929...
Something coverage of this will likely miss for the more obvious causal factors and implications: we do not provide financial education to people in school - most Americans don't know how to buy equities & how damn easy it is, instead being pushed to low-interest savings accounts
That’s uh, not good? Lol
And we have been convinced that a 401k is in our benefit
This should be illegal 😰
Does this include retirement accounts? I can see how that might still make sense, as the volume of stock is very different between a 401k and the uber wealthy stock holdings, but just looking for clarification.
Maybe because they manage it?
Bitcoin
and you people wonder why JPOW has done nothing but PUMP. if you cant beat em… JOIN EM!!
Nice overreach NBC. The top 10% are in that category because they were smart and invested. You don’t get there by having a savings account and spending your money foolishly. The stock market holds the keys to a future of financial freedom.
Better than UK where the 2% own more than 85%. Don't ask me for source. I can feel it.
Disgusting.
Executives don’t pass the profits onto their employees. If they did, this wouldn’t be a headline. LisaBraganca TradesTrey cvpayne amc CitadelScandal Robinhood
I too hold a record amount of stonk
Now do the percent of our taxes they pay. Cuz I've been told it's like so much proportionally so just a bit curious how that lines up with their asset apportionment.
StayWoke
Beyond Evil 89% get BILLIONS OF DOLLARS IN US TAX PAYER SUBSIDIES BillionaireSocialism Billionaire executives do NOT pay federal taxes Billionaires executives (FOREIGN/domestic) steal BILLIONS OF TAX PAYER DOLLARS Billionaires executives use stolen money for buyback stock
The other problem is that the 10% has convinced the 90% that that is what is best for America, evidenced by them voting for people who protect the 10%.
Wealth with be redistributed through crypto
Including the people that run and own
Apparently, cash is trash. 🤷🏻♂️
Sooooo. Buy the dip.
So. The wealthiest 10% are the wealthiest 10% BECAUSE they work productively and risk their capital. The other 90% can learn from the 10%.
Makes sense, it's hard to invest without disposable income.
_masterinvestor can you speak on this tonight or any market Monday? And how does this effect us trying to get in and build generational wealth?
For the bottom 90% of Americans, a “stock” is +The warranty service they’re afraid to get on their car because the dealer may find other broken things +Saving six months to buy shoes +Paying the copay on life-saving care with 4 cards and years of debt Demand better policy.
If we had an HHI index for wealth distribution, things would have been different.
I'm happy to invest intelligently in my stocks, thanks to the government (both Dems and Republicans) regulations, I live my life adequately wealth
Disgusting
Annual gross of $118,000 to be in top 10%.
Now do WhoOwnsMe aka WhoOwnsTheMedia, and, more accurately, YouMeanTenFuckingPeopleOwnAllTheMedia and they want me to believe everything they say is true?
That’s why none of us give a shit about how the stock market is doing.
Successful people own assets. What an earthshattering revelation.
The US federal reserve has been destroying every single shred of opportunity for the middle class since 2010.
That means the same 10% of Americans control every, single, corporation.
Like a Record low oooor? 🤔
Hello Pelosi
And the Wealthiest of the Wealthy OWN CRYPTO CURRENCY & will be 100X wealthier than those Grandpa Stock guys in 5yrs time..
A certain 10% of writers write the most popular books sell the most music. The same holds true in sports and other fields. The Pareto principle.
And (say ) 25 private individuals own (say) 89% of Bitcoin?
And yet Republicans are hell bent on not taxing their earnings fairly.
This is the real reason people arenot going back to work for conservative owners. Its not unemployment checks keeping them away ! Why work for peanuts so the rich can get richer
Remove Bezos, Gates, Buffett, Zuckerberg and Musk from the stats and what happens to the data?
The Paretto principle 😎
I am very excited about the prospect of using cryptocurrency, not just as a money equivalent but using it as a way to earn something as a result of doing some type of work. Thanks to Cryptoomom for your guidance
As has been said many times, the stock market is not the economy.