Quoted from OLDPINGUY:Just a cut and paste....Before 2008, 62% of Americans owned stock.
Like income and wealth, stock ownership is heavily concentrated in the uppermost echelons of the economy. The bottom 60 percent of households combined own just 1.8 percent of American stock. The top 1 percent, by contrast, owns over 40 percent of the country's stock, up from 34 percent in 2001.Dec 18, 2017
I own stock via a 401k, and I'm broke as a joke. But I've also never, ever qualified for government assistance of any kind (unless you count a Homestead Exemption on property taxes as 'aid'). It's just that my job has decent benefits....other than the decreasing pay every year as they increase medical costs at a rate higher than my UNION NEGOTIATED pay 'raises'.
Face it...the entire country is corrupt. You can't even rely on a bloody union to even TRY to fight for you anymore....mine just rolled over and sent us out a contract to approve that says "Hey, we're keeping everything from the last contract, including the one time 1k bonus if it's signed, only this time it's for FOUR years instead of three, and still getting 2-3% pay raise every year even though we've not asked the company to cap off their medical costs at all so they can just claw back even that meagre amount of money." Months before the existing negotiated contract is even up.