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>> I'm thinking the bottom 90% doesn't own much stock due to lack of funds. Not because they don't know how or because transaction fees are too high. > People
by throwawayjava 7y ago
>> I'm thinking the bottom 90% doesn't own much stock due to lack of funds. Not because they don't know how or because transaction fees are too high.
> People making $180k a year lack funds to buy stocks? Yeah, that’s a no from me.
An individual person making $180K a year is in the 92nd percentile. Parent is talking about the other roughly 300 million people.
- loeg 7y agoGP is talking about the 90th percentile. If you want to quibble about exactly where that line is, whatever, but it's not the point. It's very clear that the percentage of people who can afford to invest is broader than the top decile.