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Wealthiest 10% Own 93% of Stock Market

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About 93% of U.S. households’ stock market wealth is held by the top 10%, emphasizing the significant wealth inequality in the stock market.

Despite a surge in smaller retail investors during and after the COVID crisis, the majority of stock market gains benefit the richest stockholders.

While the stock market has seen significant growth over the long term, the wealth primarily accumulates at the top of the wealth distribution, highlighting both record inequality and increased democratization in the U.S. market.

“Stock market booms primarily boost the wealth of households at the top of the wealth distribution, as their portfolios are dominated by listed and unlisted business equity,” a Journal of Political Economy article stated.

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