A Quiz For Capitalists
This appeared in the April 3, 2006 edition of Fortune magazine and I found it of interest.
1. The median stock ownership of U.S. households is (a) $78,700, (b) $24,300, or (c) 0.
Answer: For all the hoopla over the democratization of the stock market, the latest (2004) Federal Reserve data show that just 48.6% of U.S. households own stock, meaning the median ownership is zero. (The median holding for households that do own stock is only $24,300.) What's more, two-thirds of stock market wealth is held by 5% of the population.
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1. The median stock ownership of U.S. households is (a) $78,700, (b) $24,300, or (c) 0.
Answer: For all the hoopla over the democratization of the stock market, the latest (2004) Federal Reserve data show that just 48.6% of U.S. households own stock, meaning the median ownership is zero. (The median holding for households that do own stock is only $24,300.) What's more, two-thirds of stock market wealth is held by 5% of the population.
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posted by Bob Moser at
5:18 PM
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