Great Twitter Thread:
The wealthiest 10% of Americans own a record 89% of all U.S. stocks
“KEY POINTS
- The wealthiest 10% of American households now own 89% of all U.S. stocks, a record high that highlights the stock market’s role in increasing wealth inequality.
- The top 1% gained over $6.5 trillion in corporate equities and mutual fund wealth during the pandemic, according to the latest data from the Federal Reserve.
- The bottom 90% of Americans held about 11% of stocks, and added $1.2 trillion in wealth during the Covid-19 pandemic.”
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“Typical worker compensation has risen only 12% during that time”
https://www.epi.org/publication/ceo-compensation-2018/
$100 in 1978 → $394.49 in 2020
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Most & Least Federally Dependent States
Red or Blue?
1 New Mexico
https://wallethub.com/edu/states-most-least-dependent-on-the-federal-government/2700/
2 Mississippi
3 Kentucky
4 West Virginia
5 Alabama
6 Arizona
7 Alaska
8 Montana
9 South Carolina
10 Indiana
11 Louisiana
12 Tennessee