Bankrupt Trucker Yellow Loses Ruling over $6.5B in Pension Debts

Re:Bankrupt Trucker Yellow Loses Ruling over $6.5B in Pensio... by PaulDavisThe1st on Wednesday September 18, 2024 @03:41PM (#41584529)

Although the number of Americans holding shares in companies and mutual funds has increased dramatically, "just ordinary people investing in businesses" is misleading in the extreme.

> About 162 million Americans, or 62% of U.S. adults, own stock. The top 1% holds 50% of stocks, worth $21 trillion. The bottom 50% of U.S. adults hold only 1% of stocks, worth $437 billion.

> Most Americans indirectly hold stocks through a mutual fund, an index fund, or a retirement account such as a 401(k). A smaller percentage directly holds stocks, meaning they purchase individual shares.

    - Motley Fool

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Re:Bankrupt Trucker Yellow Loses Ruling over $6.5B in Pensio... by toomuchtodo on Wednesday September 18, 2024 @05:01PM (#41585434)

> About 93% of U.S. households' stock market wealth is held by the top 10%. ; While it's true that a record high 58% of American households do own stocks via mutual funds or as individual shares, in the aggregate the amount of stock most of these folks own is tiny.

https://www.axios.com/2024/01/10/wealthy-own-record-share-st...

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