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The wealthiest 10% of Americans own 93% of stocks even with market participation at a record high

The wealthiest 10% of Americans own 93% of stocks even with market participation at a record high

The wealthiest Americans have never owned so much of the stock market, with the top 10% now holding a record 93% of US equities, according to Federal Reserve data.

Americans broadly have been participating in the stock market at a higher rate, with a record 58% of households owning stocks in 2023, according to the Fed’s Survey of Consumer Finances.

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