return2ozma@lemmy.world to News@lemmy.world · 8 months agoThe 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.comexternal-linkmessage-square105fedilinkarrow-up1649arrow-down115cross-posted to: news@lemmy.world
arrow-up1634arrow-down1external-linkThe 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.comreturn2ozma@lemmy.world to News@lemmy.world · 8 months agomessage-square105fedilinkcross-posted to: news@lemmy.world
minus-squareWrench@lemmy.worldlinkfedilinkarrow-up15arrow-down2·8 months agoSeems weird to make this assertion, and fail to provide what the total holdings cutoff is to be in the top 10%.
minus-squareaaaantoine@lemmy.worldlinkfedilinkEnglisharrow-up8·8 months agoRight. Is it 10 figures? 7 figures? … 5 figures?
minus-squareWrench@lemmy.worldlinkfedilinkarrow-up9arrow-down4·8 months agoAlmost 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.
minus-squarephillaholic@lemm.eelinkfedilinkarrow-up2·8 months 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.
minus-squareMaggoty@lemmy.worldlinkfedilinkarrow-up5·8 months agoAccording to Wikipedia it’s an annual income of 154k as of 2019.
minus-squareBombOmOm@lemmy.worldlinkfedilinkEnglisharrow-up3arrow-down7·edit-28 months ago154k is middle class. And everyone in this thread is trying to figure out how to fuck them the hardest.
minus-squareMaggoty@lemmy.worldlinkfedilinkarrow-up3·edit-28 months agoThen 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.
minus-squarephillaholic@lemm.eelinkfedilinkarrow-up1·8 months agohttps://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.
Seems weird to make this assertion, and fail to provide what the total holdings cutoff is to be in the top 10%.
Right. Is it 10 figures? 7 figures?
… 5 figures?
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.
“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.
According to Wikipedia it’s an annual income of 154k as of 2019.
154k is middle class. And everyone in this thread is trying to figure out how to fuck them the hardest.
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.
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.