Just a moment...
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  • ChocoboRocket@lemmy.world
    31·
    1 year ago

    Hasn’t that always been the case? People with the most wealth always own the most assets.

    Aside from when they sell at the top before economic downturns anyhow

    • nicetriangle@kbin.social
      4·
      1 year ago

      By record share they mean that there has not been a time prior to now in which they’ve owned a percentage as high as they currently do.

      The graph in the article makes that pretty easy to understand.

        • nicetriangle@kbin.social
          1·
          1 year ago

          Yeah agreed I would like to see back to the robber baron era and particularly around the run up to the crash in 29 and the aftermath of that. It seems like every time there’s a big crash you see a huge movement of capital siphoned up into the upper % in the aftermath.

  • yo_scottie_oh@lemmy.mlEnglish
    2·
    1 year ago

    I wonder what might cause the trend to turn in one direction or another. For example, if 8% of equities are owned by one group while the other 92% are owned by another, then I suppose I’d expect both “shares” to grow proportionally to one another. In other words, if the market as a whole gains 50%, then I’d expect the ratio of shares owned by each group to remain stable… the only thing I can think of that might explain the difference in outcomes is perhaps a difference in portfolio composition, which could reflect a gap in investment preferences, or perhaps some opportunities are available to one group while excluding the other. Seems likely to be a mix of the two.

    • HubertManne@kbin.social
      2·
      1 year ago

      most ordinary folks investments are in retirement and older generations have been able to fund their retirement better than newer ones. older generations have to sell (or die and its sold usually because the kids need like a house or such). Rich folks never really have to sell, even if they are not working they get more than enough in dividends even if they are not paying a lot atm due to their massive stock amounts to begin with. Further they are more likely to buy more stock with dividends than regular folks.