93% of U.S. households' stock market wealth is held by the top 10%

Re:93% of U.S. households' stock market wealth is held by th... by georgeecollins on Thursday January 11, 2024 @05:12PM (#38960062)

Can some smart person here help me understand what this means in terms of average holding value per household? Like how much stock market wealth does the average household own? What's the average amount of stock market wealth held by the first, second, third and fourth quadrille?

If 93% of stock market wealth help by the wealthiest 10% represents $10k, that means something really different than if it represents $1m. Comparing percentages can be really confusing, particularly when talking about wealth.

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Re:93% of U.S. households' stock market wealth is held by th... by falserum on Thursday January 11, 2024 @05:42PM (#38960479)

> If 93% of stock market wealth help by the wealthiest 10% represents $10k,

Assuming Us has round 300k population.

My understanding: lets say whole market is worth 1Gz, i.e. sum(share*sharePirce) over (all shares in all companies) is 1 gadzilion, so 10% of population (30k) combined own 0.93 gadzilion. While the rest (270k), share 0.07 Gz of market.

on avg per person 0.93/30=0.031Gz 0.07/270=0.00025Gz

(On average, poorer 9 deciles are poorer by a factor of two)

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