The investing gap could contribute to income inequality
By Hicbd
Thu May 5 2022 9:58 am
"Nearly half of U.S. adults don’t see any boost to their income when the market goes up, while the people who benefit most are high earners, Americans with a high net worth, and White households, according to reporting by CNBC. The contrast in stock ownership by income is especially stark. In 2016, 93.6% of the top 10% of American households by income owned stocks, either directly or indirectly, while less than 30% of the lowest-income families did."
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