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A comment on Why is the stock market rallying when the economy is so bad?. Parent comment

Re:Why is the stock market rallying when the economy is so bad? by tathougies on Sunday May 10, 2020 @05:51PM (#23136592)
> , and the median household which earns $63,000 a year but has almost no savings or stock holdings. The median household wealth is $100,000 and that's almost all housing.

Given that stock ownership is about 55% of the public, the median household likely has at least a few shares.

https://news.gallup.com/poll/266807/percentage-americans-own...

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Re:Why is the stock market rallying when the economy is so bad? by kitotik on Sunday May 10, 2020 @06:15PM (#23136810)
That includes 401k and IRAs etc. which obviously very few living outside of middle class have.

In addition, stock ownership has been on steady decline for everyone but the upper middle class.

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Re:Why is the stock market rallying when the economy is so bad? by tathougies on Monday May 11, 2020 @11:42AM (#23143322)
Well you're not wrong on the overall trend over the past twenty years, but over the past four or five, the rate has been trending upward. Most of the downward movement was during the recession, for which it's not obvious that the reason ownership went down is not mainly panic selling (i.e., individual choice and risk tolerance) instead of anything systemic.
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