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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https://www.epi.org/publication/ceo-compensation-2018/

$100 in 1978 → $394.49 in 2020

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Red or Blue?

1 New Mexico
2 Mississippi
3 Kentucky
4 West Virginia
5 Alabama
6 Arizona
7 Alaska
8 Montana
9 South Carolina
10 Indiana
11 Louisiana
12 Tennessee

https://wallethub.com/edu/states-most-least-dependent-on-the-federal-government/2700/

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