The top 10% owns 87% of the stocks

Post by RGamma » Mon, Mar 03, 2025, 10:27 AM UTC

alberto-m wrote: post #189

blackeyeblitzar wrote: post #38

Earlier quoted context omitted.

I think the importance of financial education is pretty underestimated. But just to illustrate, investing $10 a month into an index fund would mean something like $100K saved up for retirement. Even if you’re poor, it is usually possible to find that $10.

The calculation seems off by almost one order of magnitude. Even investing 10$ a month for 50 years (!), and managing to get a net return of 7% for such half a century, will build up only about 50K. Except that, by that time, even a modest inflation rate of 2.5% will make it worth less than 15K in real terms. Which makes sense, otherwise any childless person in the West with a decent job could save 1k a month and ret…

Post by sumedh » Mon, Mar 03, 2025, 10:31 AM UTC

ninetyninenine wrote: post #58

ookblah wrote: post #31

I think about this from time to time and I suppose everything is cyclical in the end. Most of us would have been some peasant in the feudal age and when it gets really bad it always ends in a revolution of some sort. It's just on a global scale and timeframe now. As more of the population feels the effects of inequality they won't appeased by just fancy toys and shiny things, they will want change by force. My only s…

It’s different this time around. The sheer complexity of society makes it hard to ascertain exactly the true nature of the situation. People who voted for trump aren’t even aware he’s part of the problem of wealth inequality. They aren’t even aware wealth inequality is the problem. At worst we will get an angry mob stampeding the White House with no real direction or objective. Are rich people the problem or is it th…

Post by ben_w » Mon, Mar 03, 2025, 10:32 AM UTC

vixen99 wrote: post #286

FranzFerdiNaN wrote: post #236

Earlier quoted context omitted.

Marxism is when people stand up for their rights I guess?

There are zero rights without obligations. Why do we never hear about the latter? To read about people standing up for their rights in a Marxist State read Robert Conquest's 570 pages of 'The Great Terror' - an account of the crimes committed against humanity in the name of the Soviet Communism that emerged from the 1917 revolution. 'We'll do it differently' is the usual response. Sadly this always leaves out appreci…

Post by sigmoid10 » Mon, Mar 03, 2025, 10:33 AM UTC

matwood wrote: post #311

sigmoid10 wrote: post #270

Earlier quoted context omitted.

Belarus had 500.000 people show up. But they got beat down. Hong Kong had millions of people show up. But it just led to massive crackdowns. Numbers mean nothing when the guys who own the guns are not on your side.

> Numbers mean nothing when the guys who own the guns are not on your side. Not saying it will turn out differently, but there are more guns circulating in the US than there are people. Nearly everyone has or can easily get access to a gun. US culture is also quite a bit different, celebrating violence, don't tread on me, etc... Again, it might not make a difference, but I'm not sure those other situations are compar…

Post by pembrook » Mon, Mar 03, 2025, 10:35 AM UTC

internet_points wrote: post #183

irjustin wrote: post #88

Genuine question - has this not been the case? It feels like this has been true just past stock market's inception.

the article says it's getting worse: > These numbers have all increased since 1989 as well — total wealth (60.8% to 67.3%), stocks (81.7% to 87.2%), private businesses (78.4% to 84.4%) and real estate (38.2% to 43.9%). So no. It has not always been like this.