this post was submitted on 14 Apr 2025
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Funny: Home of the Haha

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submitted 3 weeks ago by The_Picard_Maneuver@lemmy.world to c/funny@lemmy.world
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[–] surewhynotlem@lemmy.world 8 points 3 weeks ago (2 children)

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/

[–] kitnaht@lemmy.world 6 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

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.

[–] surewhynotlem@lemmy.world 7 points 3 weeks ago

"my" numbers include 401k, pension funds, etc. Pew is looking at people owning things more directly.

[–] chiliedogg@lemmy.world 4 points 3 weeks ago

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.

[–] CileTheSane@lemmy.ca 2 points 3 weeks ago (1 children)

So 38% have literally zero? That's horrifying.

[–] AoxoMoxoA@lemmy.world 1 points 3 weeks ago

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