Daily Readings 01-18-2019

By: The Cynical Economist
Published: January 18th, 2019

The richest 1% owns 50% of all stocks

The stock market made its way into mainstream news in 2018 when it hit record highs and then subsequently tumbled 19% in a matter of weeks.

Market volatility is unsettling to investors. But just who makes up the investor class?

According to Goldman Sachs, stock ownership is extremely concentrated because of the growing wealth gap in the U.S., and thus the market’s performance affects households making up the wealthiest 1% of Americans much more significantly than the other 99%.

“The wealthiest 0.1% and 1% of households now own about 17% and 50% of total household equities respectively, up significantly from 13% and 39% in the late 80s,” Daan Struyven, Goldman Sachs’s chief economist said in a note earlier this week.

 

Alexandria Ocasio-Cortez Is the Darling of the Left, Nightmare of the Right 

 

Generation Z may be most liberal demographic yet

A generation of post-millennials is poised to enter the electorate as perhaps the most liberal age cohort ever, fueled by unprecedented diversity and expansive views of the role of government.
On issues ranging from the treatment of racial minorities to climate change to diversity in society, the post-millennial generation — dubbed Generation Z by demographers — looks a lot more like the millennial generation than like their parents in Generation X or the baby boom generation, according to a new report from the Pew Research Center.
This entry was posted on Friday, January 18th, 2019 at 2:51 am and is filed under Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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