Desperation
Or
Poor Money Skills?
DYI: The top 10% who own the vast majority of stocks their gains is easily offsetting the current rate of inflation, however as you move down the percentages of stock ownership and especially the bottom 50% inflation has scorched the family budget. Most of those who actually do own stocks they are tied up in their 401k’s unless they borrow or outright sell (with all of the associated penalties) their flat out of luck.
The top 10% who collect roughly half the income and own over 90% of all stocks own 44% of the nation's real estate wealth. The bottom 50% who own a meager 2.6% of the nation's financial wealth own a scant 11% of the real estate wealth. The middle class--the 40% between 50% and 90%--own about the same percentage (45%) as the top 10%.
No comments:
Post a Comment