The Most Startling Fact About Mutual Funds You've Ever Heard | Exploring Markets

The Most Startling Fact About Mutual Funds You've Ever Heard

We've just read something from the Wall Street Journal and economist Edward Wolff. It has to do with stocks, mutual funds, and economic classes in society.

Here it is:

"The richest 1% of Americans own half of all mutual funds and stocks. The bottom 90% hold 9%."

Wow. Here's a chart that better illustrates what we mean:



SOURCE: How to Save Like the Rich and the Upper Middle Class (Hint: It’s Not With Your House)