Reply to Average Person is the Richest Ever as of 4PM today

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What a strange post.  To this day, 38% of all Americans don't own a single stock, like another 20% - 30% only own stocks through their 401k (and no...they aren't maxxing out their 401ks).

So...are you going to go to McDonalds and buy someone a burger?[/quote]

No what's strange is the inability to be happy for someone else.[/quote]

No what’s strange is dipshits like you don’t know that over 50% of the US population gets nothing or close to nothing from stocks.
[/quote]

According to a Gallup report last year, 62% of Americans own stock. Among those 50 t0 64, it is 72%.

https://news.gallup.com/poll/266807/percentage-americans-owns-stock.aspx[/quote]

Again...here are the facts which support why many people don't care what the stock market does at all because they benefit either 0% or very minimally

- 38% of all people own no stocks at all
- Top 10% of the wealthiest own 87% of the stock market
- Bottom 50% of the population owns 1% of the stock market
- Of the 62% who own stock, most own stock through their 401k.  The Median 401k balance for someone aged 55-64 is $95,642 (and that is the highest median balance for any age group that is tracked)

[/quote]

Interesting. It seems like owning stock is a good way to improve your finances. Owning cash doesn't make money.[/quote]

Understand...the 38% who own no stocks have like a $0 net worth as well.  It's not like they are making some decision to not own stocks.[/quote]

Is this 38% of all Americans? Or 38% of adult Americans?[/quote]

Adults[/quote]

Sounds like the time for education has begun. With the passage of the Secure Act, those part time McDonald’s employees should absolutely be throwing in a couple of dollars a month into the company 401k.[/quote]

The match is dollar-for-dollar up to 6% of eligible pay for all mcdonalds employees, the guy serving you a burger is in the market! [/quote]
The McDonald's manager might be in the market, but the guy flipping burgers and cleaning the bathroom for $18 an hour is not in the market. They need every dollar to live and do not have extra money to spare for something they can't touch in thirty to forty years. They need the money today and are not in the stock market. [/quote]

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