Friday, August 29, 2014

A Small Piece of the Pie

With the S&P 500 hitting new record highs, many investors are benefiting from the stock market's growth. More than half of all Americans - about 52 percent - own at least some stock, primarily within their 401(k)s.

But most of those people own very small amounts of stock, at least compared to wealthier investors. As the Washington Post pointed out yesterday, just 10 percent of Americans own about 80 percent of all stock assets in the United States.

The most recent available study on stock wealth was from 2010. A that point, the top 10 percent held about $500,000 in stock, while the middle fifth held an average of about $9,000. So while many people are benefiting from the market's run, some are benefiting much more than others.

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