more poors.
The Financial Times reports that new research from Goldman Sachs shows that “the richest 1 percent of Americans now account for more than half the value of equities owned by U.S. households,” while the bottom 90 percent of the country held just 12 percent of the value of stocks.
What’s more, Goldman Sachs believes that soaring equities prices will only enable the super rich to strengthen their grip on stock market wealth.
“The wealthiest households have been by far the biggest driver of positive household equity demand,” the report states. “Accelerating US economic growth and rising stock prices should continue to support equity purchases by the top 1 percent.”
The Financial Times reports that new research from Goldman Sachs shows that “the richest 1 percent of Americans now account for more than half the value of equities owned by U.S. households,” while the bottom 90 percent of the country held just 12 percent of the value of stocks.
What’s more, Goldman Sachs believes that soaring equities prices will only enable the super rich to strengthen their grip on stock market wealth.
“The wealthiest households have been by far the biggest driver of positive household equity demand,” the report states. “Accelerating US economic growth and rising stock prices should continue to support equity purchases by the top 1 percent.”
