What it proves is that if you look at a representative crowd of a 1,000 people who do have skin in the game, you will find 1 person who is working class.

That one worker? If stock prices go up he will end up perhaps 1 more month's worth of retirement savings. Meanwhile his wages are being held down and the value he creates with his labor is being spent on stock buybacks and executive pay, the benefits of which go overwhelmingly to the other 999 people.

And yes, the stat includes pension plans.

So sure, the one guy has skin in the game. His wages have been held down, and in exchange he gets a fistful of coupons that entitle him to a few bucks for every million given to capital owners.

Who the fuck still has a pension? Private sector employees and many public sector employees sure don't.

Just because new employees aren’t getting pensions doesn’t mean a lot of people weren’t grandfathered in.

Wide scale elimination of pensions started in the 2000’s. Millions of people still have pensions in the US.