Meanwhile Applesauce Brains II:
Trump says ‘everybody’s profiting’ from recent market rallies — but it’s mostly the 1%
... The bottom 50% of households collectively hold just 1% of that stock and mutual fund wealth.
... According to a Gallup Poll often cited by Treasury Secretary Scott Bessent, 38% of American households have no exposure to equities at all.
... As of the first quarter of 2026, the top 1% owned half of corporate equities and mutual fund shares, or about $27.64 trillion, according to the most recent Federal Reserve data, while the top 10% of Americans hold more than 87%.
Meanwhile, the bottom 50% of households collectively held just 1% — or $590 billion — of that stock and mutual fund wealth.
“Half of Americans effectively own no stocks,” said Mark Zandi, chief economist at Moody’s. And “to be in the top 1%, you need to make over $750,000 annually.” ...
