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A comment on The wealthiest 10% of Americans own a record 89% of all U.S. stocks. Parent comment

Re:The wealthiest 10% of Americans own a record 89% of all U... by chmod600 on Monday October 18, 2021 @01:23PM (#28908023)
People fall in and out of the categories all the time due to job loss or raises or selling a bunch of stock to make the down payment on a house.

Some people are stuck in the lower quintiles, and some people "stuck" in the higher ones. Other people float around or jump due to life events.

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Re:The wealthiest 10% of Americans own a record 89% of all U... by LorenPechtel on Monday October 18, 2021 @01:35PM (#28908158)
Selling stock to buy a house will lower their stock holdings, not their net worth.
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