Flawless strategy

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Only something like what...33% of families have money in the stock market?
The bottom 60ish% have literally no savings whatsoever.
Edit: I was a little overzealous when I said "Literally no savings whatsoever"; it's not literally no savings - but it's something like people with less than $500 for emergencies and stuff.
- 62% of adults have a non zero amount
  https://www.statista.com/statistics/270034/percentage-of-us-adults-to-have-money-invested-in-the-stock-market/
  
  You linked me to a site that I have to have a subscription to see the data - so I can't verify your claim.
  https://www.pewresearch.org/short-reads/2024/03/06/a-booming-us-stock-market-doesnt-benefit-all-racial-and-ethnic-groups-equally/
  This statement by pew research says:
  Only 21% of American families own shares directly, according to the SCF. Even fewer own “pooled investment funds” – such as mutual funds and exchange-traded funds (ETFs) – or other investment vehicles that typically include stocks among their holdings.
  
  "my" numbers include 401k, pension funds, etc. Pew is looking at people owning things more directly.
  
  Pensions, 401Ks, and other retirement accounts are ask in the market, and even when I worked retail my company had a retirement savings plan that they contributed a few bucks a month towards.
  There's actually a ton on phantom retirement investments out there people don't even know they have.
  
  So 38% have literally zero? That's horrifying.
  
  How about the overdrafted from buying a couple gallons of gas people. Where you at ?! 👋
  I'm going to start smoking two packs of newports a day again. Life was so much better then
- Nono, many have absolutely no savings also

30 comments