Quote:
Originally Posted by Jim in CT
it’s also pure marxist bullsh*t to say the stock market improvement primarily helps
a small portion of the country. Many of us now have exposure to the stock market through IRAs and 401ks. that was written by someone with an occupy wall street agenda.
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According to the Commies at Goldman Sachs, stock ownership is extremely concentrated because of the growing wealth gap in the U.S., and thus the market’s performance affects households making up the wealthiest 1% of Americans much more significantly than the other 99%.
“The wealthiest 0.1% and 1% of households now own about 17% and 50% of total household equities respectively, up significantly from 13% and 39% in the late 80s,” Daan Struyven, Goldman Sachs’s chief economist said.