This Great Graphic was posted on the Washington Post's Wonk blog by Brad Plumer. A little more than half of Americans own some stock, mostly through defined contribution 401k schemes. This is the kernel of truth in talk of a US equity culture.
Yet equity ownership is highly concentrated. Research from the Economic Policy Institute finds that 10% of Americans account for 80% of the US equity ownership and that share has remained relatively constant since the 1980s.
In terms of numbers, the research found that the middle 20% of American investors hold about $9,000 in stock. The top 10% own about $500k in stock. The top 1% own about $3.5 mln of equities each.
Great Graphic: The Breadth of the US Equity Culture
Reviewed by Marc Chandler
on
March 16, 2013
Rating:
Reviewed by Marc Chandler
on
March 16, 2013
Rating:
