Business Insider - The wealthiest Americans have never owned so much of the stock market, with the top 10% now holding a record 93% of US equities, according to Federal Reserve data. Americans broadly have been participating in the stock market at a higher rate, with a record 58% of households owning stocks in 2023, according to the Fed's Survey of Consumer Finances. Still, stock ownership is skewed toward the top: by comparison, the bottom 50% of Americans owned just 1% of all stocks and mutual fund shares in the third quarter, central bank data shows.
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