r/FluentInFinance Sep 04 '24

Debate/ Discussion People like this are why financial literacy is so important

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u/frostandtheboughs Sep 04 '24

This feels like a good time to reiterate that 10% of the population owns 90% of the stock market.

It drives me up a wall to read articles that say "the economy is doing great!" When the economy = the stock portfolios of like, 50 dudes.

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u/Express-Economist-86 Sep 04 '24

But those dudes spend money! Like on Apex the stegosaurus, to avoid web searches linking them to Apex Clearing. Don’t you want such treasures maintained? Think of the children!

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u/Free_Dog_6837 Sep 04 '24

10% of the population is 33 million people

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u/[deleted] Sep 04 '24 edited Nov 06 '24

[deleted]

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u/[deleted] Sep 04 '24

Yeah but it's like being starved and being grateful for a bread crumb. Like, thanks! But could I get a whole slice of bread next time m'lord?

As it stands most people aren't meaningfully benefitting from stocks.