▲ 649 ▼ The rich now own a record share of stocks, about 93% of U.S. households' stock market wealth is held by the top 10% (www.axios.com) submitted 2 years ago by return2ozma@lemmy.world to c/news@lemmy.world 107 comments fedilink hide all child comments
[+] Boozilla@lemmy.world 32 points 2 years ago (1 child) [deleted] permalink fedilink source parent hideshow 2 child comments replies: [–] SnotFlickerman@lemmy.blahaj.zone 24 points 2 years ago (1 child) Don't worry, they'll raise a panic alarm about how everyone and their brothers retirement pensions are invested in the market, and so "you'll hurt the poor" will resound, ignoring that a lot of those poor never had a choice to not have their pensions gambled on the fucking market. permalink fedilink source parent hideshow 2 child comments replies: [–] HappycamperNZ@lemmy.world 8 points 2 years ago (1 child) I mean, it does have the potential and God forbid the risks aren't communicated. Low risk retirement plans however should be fine permalink fedilink source parent hideshow 2 child comments replies: [–] somethingsnappy@lemmy.world 0 points 2 years ago It still boggles my mind that almost all retirement accounts just blindy add money to the market once or twice every month and it doesn't even move the needle! If we all knew which days our investments and matches (if you're lucky) went in, the non-rich could also print their own money! BRB, going to talk with benefits managers that also skim everything. permalink fedilink source parent
[–] SnotFlickerman@lemmy.blahaj.zone 24 points 2 years ago (1 child) Don't worry, they'll raise a panic alarm about how everyone and their brothers retirement pensions are invested in the market, and so "you'll hurt the poor" will resound, ignoring that a lot of those poor never had a choice to not have their pensions gambled on the fucking market. permalink fedilink source parent hideshow 2 child comments replies: [–] HappycamperNZ@lemmy.world 8 points 2 years ago (1 child) I mean, it does have the potential and God forbid the risks aren't communicated. Low risk retirement plans however should be fine permalink fedilink source parent hideshow 2 child comments replies: [–] somethingsnappy@lemmy.world 0 points 2 years ago It still boggles my mind that almost all retirement accounts just blindy add money to the market once or twice every month and it doesn't even move the needle! If we all knew which days our investments and matches (if you're lucky) went in, the non-rich could also print their own money! BRB, going to talk with benefits managers that also skim everything. permalink fedilink source parent
[–] HappycamperNZ@lemmy.world 8 points 2 years ago (1 child) I mean, it does have the potential and God forbid the risks aren't communicated. Low risk retirement plans however should be fine permalink fedilink source parent hideshow 2 child comments replies: [–] somethingsnappy@lemmy.world 0 points 2 years ago It still boggles my mind that almost all retirement accounts just blindy add money to the market once or twice every month and it doesn't even move the needle! If we all knew which days our investments and matches (if you're lucky) went in, the non-rich could also print their own money! BRB, going to talk with benefits managers that also skim everything. permalink fedilink source parent
[–] somethingsnappy@lemmy.world 0 points 2 years ago It still boggles my mind that almost all retirement accounts just blindy add money to the market once or twice every month and it doesn't even move the needle! If we all knew which days our investments and matches (if you're lucky) went in, the non-rich could also print their own money! BRB, going to talk with benefits managers that also skim everything. permalink fedilink source parent