On average, most large cap stocks (MSFT, GOOG, AAPL, etc) are owned by millions of retail investors through 401Ks, mutual funds, ETFs, and direct ownership.
Median net worth at 40 years old in the US is less than 150k. Most Americans benefit very little from share prices rising, at least directly.
Of the US stock market half is owned by 1%.
https://fred.stlouisfed.org/series/WFRBST01122
Median net worth at 40 years old in the US is less than 150k. Most Americans benefit very little from share prices rising, at least directly.