The ‘democratization of the stock market’ that never happened | Economic Policy Institute

The wealthiest 1 percent of households has never held less than one-third of all stock wealth. Since 1989, the top fifth of households consistently held about 90 percent of stock wealth, leaving approximately 10 percent for the bottom four-fifths of households. This figure shows that the vast “democratization of the stock market” since the 1980s—wherein the masses gained significant shares of the market through investment vehicles such as mutual funds, IRAs, and 401(k)s—never actually happened.

via www.epi.org