Only something like what…33% of families have money in the stock market?
The bottom 60ish% have literally no savings whatsoever.
Edit: I was a little overzealous when I said “Literally no savings whatsoever”; it’s not literally no savings - but it’s something like people with less than $500 for emergencies and stuff.
Only 21% of American families own shares directly, according to the SCF. Even fewer own “pooled investment funds” – such as mutual funds and exchange-traded funds (ETFs) – or other investment vehicles that typically include stocks among their holdings.
Pensions, 401Ks, and other retirement accounts are ask in the market, and even when I worked retail my company had a retirement savings plan that they contributed a few bucks a month towards.
There’s actually a ton on phantom retirement investments out there people don’t even know they have.
Only something like what…33% of families have money in the stock market?
The bottom 60ish% have literally no savings whatsoever.
Edit: I was a little overzealous when I said “Literally no savings whatsoever”; it’s not literally no savings - but it’s something like people with less than $500 for emergencies and stuff.
62% of adults have a non zero amount
https://www.statista.com/statistics/270034/percentage-of-us-adults-to-have-money-invested-in-the-stock-market/
You linked me to a site that I have to have a subscription to see the data - so I can’t verify your claim.
https://www.pewresearch.org/short-reads/2024/03/06/a-booming-us-stock-market-doesnt-benefit-all-racial-and-ethnic-groups-equally/
This statement by pew research says:
“my” numbers include 401k, pension funds, etc. Pew is looking at people owning things more directly.
Pensions, 401Ks, and other retirement accounts are ask in the market, and even when I worked retail my company had a retirement savings plan that they contributed a few bucks a month towards.
There’s actually a ton on phantom retirement investments out there people don’t even know they have.
So 38% have literally zero? That’s horrifying.
How about the overdrafted from buying a couple gallons of gas people. Where you at ?! 👋
I’m going to start smoking two packs of newports a day again. Life was so much better then
Nono, many have absolutely no savings also