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

United States | News & Politics

7211 readers
741 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
[–] SoleInvictus@lemmy.blahaj.zone 6 points 5 months ago* (last edited 5 months ago)

It should. If a 401k is used to purchase common stocks, there's no reason for the market to differentiate that it's held by a retirement plan (at least to the best of my knowledge). Even 401k target-date funds are just mutual funds or ETFs, comprised of common stocks. I'd wager a large portion of the 7% not held by the Do Nothing class is from 401Ks and IRAs.