A whopping 84 percent of all stocks owned by Americans belong to the wealthiest 10 percent of households. And that includes everyone’s stakes in pension plans, 401(k)’s and individual retirement accounts, as well as trust funds, mutual funds and college savings programs like 529 plans.
As summarized in one of the sub-headings: “Don’t confuse the Dow with the economy.”
Original source: We All Have a Stake in the Stock Market, Right? Guess Again