▲ 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
[–] Wrench@lemmy.world 13 points 2 years ago (3 children) Seems weird to make this assertion, and fail to provide what the total holdings cutoff is to be in the top 10%. permalink fedilink source hideshow 6 child comments replies: [–] aaaantoine@lemmy.world 8 points 2 years ago (1 child) Right. Is it 10 figures? 7 figures? ... 5 figures? permalink fedilink source parent hideshow 2 child comments replies: [–] Wrench@lemmy.world 5 points 2 years ago (1 child) Almost like it's clickbait designed for echo chambers like eattherich. Don't get me wrong, fuck the rich. But bold claims like this need to show their methodology. Hiding it is sus. permalink fedilink source parent hideshow 2 child comments replies: [–] phillaholic@lemm.ee 2 points 2 years ago “The 1%” is the catchphrase, but that’s only a net worth of about $10 Million. The people they are really mad at are the 0.01% or lower. This article uses 10% which is about $850,000 in net worth. permalink fedilink source parent [–] Maggoty@lemmy.world 5 points 2 years ago (1 child) According to Wikipedia it's an annual income of 154k as of 2019. permalink fedilink source parent hideshow 2 child comments replies: [–] BombOmOm@lemmy.world -3 points 2 years ago* (1 child) 154k is middle class. And everyone in this thread is trying to figure out how to fuck them the hardest. permalink fedilink source parent hideshow 2 child comments replies: [–] Maggoty@lemmy.world 3 points 2 years ago* Then you don't understand the statistical definition of middle class. According to PEW the bounds in 2021 were 43,000 and 130,000. If that sounds like it's not enough to be financially secure in the modern day... All I have to say is people have been trying to tell everyone. That said, yeah of course we're not trying to eat the merely rich. However the stock market is hardly some big equalizer if it effectively only serves the top ten percent. permalink fedilink source parent [–] phillaholic@lemm.ee 1 point 2 years ago https://www.kiplinger.com/personal-finance/605075/are-you-rich It’s under 200k easy. I’d guess it has more to do with an inflated market than pushing poorer people out. permalink fedilink source parent
[–] aaaantoine@lemmy.world 8 points 2 years ago (1 child) Right. Is it 10 figures? 7 figures? ... 5 figures? permalink fedilink source parent hideshow 2 child comments replies: [–] Wrench@lemmy.world 5 points 2 years ago (1 child) Almost like it's clickbait designed for echo chambers like eattherich. Don't get me wrong, fuck the rich. But bold claims like this need to show their methodology. Hiding it is sus. permalink fedilink source parent hideshow 2 child comments replies: [–] phillaholic@lemm.ee 2 points 2 years ago “The 1%” is the catchphrase, but that’s only a net worth of about $10 Million. The people they are really mad at are the 0.01% or lower. This article uses 10% which is about $850,000 in net worth. permalink fedilink source parent
[–] Wrench@lemmy.world 5 points 2 years ago (1 child) Almost like it's clickbait designed for echo chambers like eattherich. Don't get me wrong, fuck the rich. But bold claims like this need to show their methodology. Hiding it is sus. permalink fedilink source parent hideshow 2 child comments replies: [–] phillaholic@lemm.ee 2 points 2 years ago “The 1%” is the catchphrase, but that’s only a net worth of about $10 Million. The people they are really mad at are the 0.01% or lower. This article uses 10% which is about $850,000 in net worth. permalink fedilink source parent
[–] phillaholic@lemm.ee 2 points 2 years ago “The 1%” is the catchphrase, but that’s only a net worth of about $10 Million. The people they are really mad at are the 0.01% or lower. This article uses 10% which is about $850,000 in net worth. permalink fedilink source parent
[–] Maggoty@lemmy.world 5 points 2 years ago (1 child) According to Wikipedia it's an annual income of 154k as of 2019. permalink fedilink source parent hideshow 2 child comments replies: [–] BombOmOm@lemmy.world -3 points 2 years ago* (1 child) 154k is middle class. And everyone in this thread is trying to figure out how to fuck them the hardest. permalink fedilink source parent hideshow 2 child comments replies: [–] Maggoty@lemmy.world 3 points 2 years ago* Then you don't understand the statistical definition of middle class. According to PEW the bounds in 2021 were 43,000 and 130,000. If that sounds like it's not enough to be financially secure in the modern day... All I have to say is people have been trying to tell everyone. That said, yeah of course we're not trying to eat the merely rich. However the stock market is hardly some big equalizer if it effectively only serves the top ten percent. permalink fedilink source parent
[–] BombOmOm@lemmy.world -3 points 2 years ago* (1 child) 154k is middle class. And everyone in this thread is trying to figure out how to fuck them the hardest. permalink fedilink source parent hideshow 2 child comments replies: [–] Maggoty@lemmy.world 3 points 2 years ago* Then you don't understand the statistical definition of middle class. According to PEW the bounds in 2021 were 43,000 and 130,000. If that sounds like it's not enough to be financially secure in the modern day... All I have to say is people have been trying to tell everyone. That said, yeah of course we're not trying to eat the merely rich. However the stock market is hardly some big equalizer if it effectively only serves the top ten percent. permalink fedilink source parent
[–] Maggoty@lemmy.world 3 points 2 years ago* Then you don't understand the statistical definition of middle class. According to PEW the bounds in 2021 were 43,000 and 130,000. If that sounds like it's not enough to be financially secure in the modern day... All I have to say is people have been trying to tell everyone. That said, yeah of course we're not trying to eat the merely rich. However the stock market is hardly some big equalizer if it effectively only serves the top ten percent. permalink fedilink source parent
[–] phillaholic@lemm.ee 1 point 2 years ago https://www.kiplinger.com/personal-finance/605075/are-you-rich It’s under 200k easy. I’d guess it has more to do with an inflated market than pushing poorer people out. permalink fedilink source parent