The wealthiest 10% of Americans own a record 89% of all U.S. stocks

Re:The wealthiest 10% of Americans own a record 89% of all U... by nobody9999 on Monday October 18, 2021 @01:38PM (#28908209)

>A large number of Americans will be in the top 10% by income at some point during their life.

If, "by a large number," you mean 10%, then you're right.

Edit: Upon reflection, my comment was both flip and inaccurate. In sum, I was talking out of my ass. Phew! That stinks. My bad.

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Re:The wealthiest 10% of Americans own a record 89% of all U... by sumtechguy on Monday October 18, 2021 @02:03PM (#28908721)

People rotate in and out of that 10%. 25 years ago I maybe had a net wealth of 500 bucks, 15 years ago I was negative 180k. Today I am in that 10%. By the time I get to 70 I probably will not be in that 10% anymore. Hell one 'RIFF' and 2-3 years of 'sorry you are not a good fit', medium sized illness, and I could be there again.

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Re:The wealthiest 10% of Americans own a record 89% of all U... by mod on Monday October 18, 2021 @01:48PM (#28908326)

People die, people's incomes change (or cease).

More than 10% of the population will be in the top 10% of almost any category at some point during their lifespan, even if it's briefly.

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Re:The wealthiest 10% of Americans own a record 89% of all U... by nostromo on Monday October 18, 2021 @01:42PM (#28908252)

Absolutely not. 10% would be the bare minimum, by definition.

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