Stock Ownership Reaches Record Highs But Remains Highly Skewed Toward Wealthiest Americans
• The richest 10% of Americans owned 93% of all stocks in Q3 2023, the highest level on record • Stock ownership highly skewed - the bottom 50% of Americans owned just 1% of all stocks • Record 58% of US households owned stocks in 2023, up from prior years • Wealthiest households have most assets in stocks, middle class has more tied up in real estate • Over the past decade, S&P 500 returned 155% while rates were ultra-low, fuelling big equity gains