alt Hacker NewsOf the US stock market half is owned by 1%.
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robocat • last Monday at 10:48 AM
Tech founders (part of the 1%) own about 2% of the stock market.
About 18% is owned by foreign entities.
Of the US stock market half is owned by 1%.
Tech founders (part of the 1%) own about 2% of the stock market.
About 18% is owned by foreign entities.
Actually I believe this graph is half of US-owned equities and mutual funds is owned by the top 1% of Americans right? This doesn't include other extremely large holders such as sovreign wealth funds like norway/singapore or very large pension funds like the ontario teachers fund etc....
The USA is rather unique in its low pensions compared to countries in the EU or Australia (notable for its high contribution rates).