Without a citation, that seems right, in the narrowest sense of "owning single shares in a company".

Keep in mind that "owning stock" isn't well-defined though, that could mean (a) own individual shares (narrowest), (b) owns shares or ETFs (broader), (c) owns mutual funds.

But that still doesn't address my point. It's a lot bigger when both private sector, and public, pensions are included.

This issue is near and dear to my heart because I grew up in Illinois (now living in California) and am watching the budget battle unfold there. They have a huge pension funding gap, and the returns of the stock market are going to have a very direct, real effect on how much tax the state has to collect to fund the pensions.

Born, raised, and living in Illinois and I'm seriously looking at leaving the land of Lincoln. Chicago is ruining this state.

I was born and raised in Illinois too, but live in California now. Mind explaining how the third-largest metro economy in the country is ruining our state?

How about having a massive murder rate? Having a great train system is great, but it's not exactly something to brag about and definitely something someone is going to overlook the murder rate for.

How is the murder rate in chicago ruining the state?

and if you look at half the workforce at these companies,Labor- the ones not making 6 figures- like couriers, personal shoppers, cafeteria workers, content reviewers, helpdesk, customer support, admins, security- they are contractors that don't get 401k, IRA and live hand-to-mouth and always precariously poised to be fired anyday. They can't afford, can't buy and never benefit from stock price increases.