wy
2014-02-03 21:11:31 UTC
You're most likely to have money in the stock market if you're a university-educated white male and registered voter right wingnut aged 50-64 earning over $75,000 per year. Anything other or less than that and you're increasingly out of the stock market wealth game.
"A Pew Research Center study in April found that the upper 7% of Americans as far as mean net worth saw their wealth rise an estimated 28% while the mean net worth of households in the lower 93% dropped by 4% between 2009 and 2011.
Driving this was the fact that affluent households have far more of their money in stocks and other financial holdings, and they reaped the benefits of the rise in the markets. Less affluent households typically have their wealth concentrated in the value of their homes, and while the housing market has started to rebound, it did not see the kind of surge that the markets had.
This finding was underlined by a report issued this week by the Federal Reserve in a section analyzing "How Much Household Wealth Has Been Recovered," (p. 14).
Of the total recovery, 62% of the gain was due to increased stock market wealth, the analysis said. "Stock wealth is unevenly held, with the vast majority of stocks owned by a relatively small number of wealthy families. Thus, most families have recovered much less than the average amount.""
http://www.pewresearch.org/fact-tank/2013/05/31/stocks-and-the-recovery-majority-of-americans-not-invested-in-the-market/
"A Pew Research Center study in April found that the upper 7% of Americans as far as mean net worth saw their wealth rise an estimated 28% while the mean net worth of households in the lower 93% dropped by 4% between 2009 and 2011.
Driving this was the fact that affluent households have far more of their money in stocks and other financial holdings, and they reaped the benefits of the rise in the markets. Less affluent households typically have their wealth concentrated in the value of their homes, and while the housing market has started to rebound, it did not see the kind of surge that the markets had.
This finding was underlined by a report issued this week by the Federal Reserve in a section analyzing "How Much Household Wealth Has Been Recovered," (p. 14).
Of the total recovery, 62% of the gain was due to increased stock market wealth, the analysis said. "Stock wealth is unevenly held, with the vast majority of stocks owned by a relatively small number of wealthy families. Thus, most families have recovered much less than the average amount.""
http://www.pewresearch.org/fact-tank/2013/05/31/stocks-and-the-recovery-majority-of-americans-not-invested-in-the-market/