2026-03-20 12:47:20

BREAKING: The top 20% of earners in the US now hold a record $49.1 trillion in equities and mutual funds, or ~87% of the total.

By comparison, the middle 40% and bottom 40% own $5.9 trillion and $1.5 trillion, respectively.

Since the 2020 pandemic, equity ownership among the top 20% has surged +$29.8 trillion, or +154%.

By comparison, the bottom 80% have captured just +$4.2 trillion over the same period.

To put this differently, the top 20% have gained +600% more than the bottom 80% in Dollar terms.

As we have warned, asset owners are the only winners.

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