• DancingBear@midwest.social
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    19 days ago

    I disagree. One characteristic of shareholders is that they are not a part of the 60% poorest Americans.

    Also. The wealthiest 10% of Americans own 87% of all the stock.

    All the the middle and upper class and upper upper class own the other 13% lol

    There is an 87% chance that the stockholder is in the top 10% of wealth in the country.

    • lurch (he/him)@sh.itjust.works
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      19 days ago

      that may well be, but you can be poor and still own shares. like if you have lots of debt, but are slowly paying it back and you have them from before that.

      also, like i mentioned earlier, there are really cheap ones, for example KYG8701T1388 is cheaper than a lottery ticket at the moment (but brokers have varying fees and there may be taxes).