Axios - The wealthiest 10% of U.S. households now own nearly 93% of the stock market. This stat — which we first spotted in the Financial Times — is a crucial bit of context amid the heavily hyped surge of smaller retail investors who flocked to the stock market amid COVID. While it's true a record 58% of American households own stocks via mutual funds or as individual shares, the aggregate amount that most own is tiny. The big picture: In the past decade, the S&P 500 gained 155%, and the tech-heavy Nasdaq Composite index went up a whopping 250%.
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Stock market is just another way for the rich to steal Serves no other purpose other than to financialize everything so it is easier for the rich to loot it.
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