News for hackers. Stuff that matters.

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 medvezhenok on Monday October 18, 2021 @09:30PM (#28913909)
I think the idea is that some of the people that have $1.25M now are not going to be around in 23 years, and that money will have gone to [inheritance, eldercare, etc], so who makes up the top 10% will change simply because of demographics.
[ Parent | on HN ]
Re:The wealthiest 10% of Americans own a record 89% of all U... by sudosysgen on Tuesday October 19, 2021 @12:13AM (#28914797)
As far as inheritance goes, nowadays inheritance will actually concentrate wealth as rich people tend to only have one kid.
[ Parent | on HN ]