Before we do, it is important to remind readers that the diversity across types of investment products and investment focus of these products region, asset class, style, etc. Investors need choice in investment products, based on different return profiles and investment objectives. They need diversity within product sets and across investment focus of these products. The diversity, depth and breadth of U. Please Enable JavaScript Safely. The Short Answer. Yes, own stock No, do not No. Survey Methods.
Sign Up. Inflation Concerns Temper U. Financial assets include everything from checking and savings accounts to retirement accounts, life insurance, and other managed assets. We drill down into the section that includes ownership of publicly traded securities. Gallup has been doing this poll for years and the percentage has stayed within a tight range:. They can own it through a taxable brokerage account or a retirement account, but only The telling statistics is how this changes based on your percentile of usual income Table 7 of the SCF spreadsheet :.
As for the median value of those holdings? If so few people own stock, and those that do own stock mostly hold it in retirement accounts, where do people keep their money? You have to read that table very carefully. And, for a brief period last month, the trading app seemed to be doing just that as small investors appeared to be battering Wall Street investors who had bet on the demise of GameStop, AMC cinemas and other.
The long-term fallout of a saga that gripped the world is still unknown and regulators are poring over the sudden rise in shares of GameStop and others. But what is true is that share ownership in the US is still anything but democratic — the vast majority of people who trade in shares are already the wealthiest slice of society.
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