this post was submitted on 27 May 2024
120 points (96.9% liked)

United States | News & Politics

7211 readers
710 users here now

founded 4 years ago
MODERATORS
pangyuehung@lemmy.ml
yogthos@lemmy.ml
120
The top 10% now own 93% of all stocks while the bottom 50% owns 1%. The stock market is a meaningless measure of the economy. (finance.yahoo.com)
submitted 5 months ago by yogthos@lemmy.ml to c/usa@lemmy.ml
7 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[โ€“] Perhapsjustsniffit@lemmy.ca 10 points 5 months ago (1 children)

We'll no shit... didn't we already know this?

[โ€“] dependencyinjection@discuss.tchncs.de 7 points 5 months ago

I did not know this. Like I knew they had a lot of the wealth but 93% of the stock market is frankly depressing and the reason nothing will change unless we starting eating some people.