How this Ends - Hackdot

Re:How this Ends by wait_a_minute on Wednesday February 17, 2021 @08:53PM (#26174504)

The majority of Americans do not have any real (or any at all) amounts of money invested in the market. That may change slowly as more people come online, but right now the majority of the stock is owned by a small percentage of the workers of the country. I'd expect there to be a very long road ahead of us before we find most Americans holding a sizable amount of their capital in the market or even in a bank account at all.

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Re:How this Ends by ErikAugust on Wednesday February 17, 2021 @09:32PM (#26174757)

"Just a modest majority of Americans, some 55%, own stocks, according to an April 2020 poll by Gallup, which asks whether households owned stocks either directly or as part of a fund."

https://www.forbes.com/sites/teresaghilarducci/2020/08/31/mo...

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Re:How this Ends by nealabq on Wednesday February 17, 2021 @09:47PM (#26174864)

And about 35% own stocks, bonds or mutual funds outside of retirement accounts.

https://www.pewresearch.org/fact-tank/2020/09/25/few-in-u-s-...

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Re:How this Ends by robotresearcher on Wednesday February 17, 2021 @09:13PM (#26174642)

"Around 42% of the working-age population with a full-time job has a 401(k) or similar plan, and those funds are overwhelmingly invested in stocks"

https://www.reuters.com/article/us-health-coronavirus-stocks...

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Re:How this Ends by wahern on Thursday February 18, 2021 @12:34AM (#26176307)

> only 33 percent of the population worked full time or more in 2016.

Source: https://www.peoplespolicyproject.org/2018/05/01/only-1-in-3-...

> In 2018, the average account balance for Vanguard participants was $92,148; the median balance was $22,217. [emphasize added]

Source: https://pressroom.vanguard.com/nonindexed/Research-How-Ameri...

33% * %42 = ~14%. And while the number is debatable, depending on how we define "significant", only a portion of that 14% has significant wealth invested in the stock market.

I agree with the previous poster. The vast majority of Americans (including employed Americans) aren't invested in the stock market in any meaningful way.

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