The gap between older and younger equity holders has never been wider:
Americans aged 70+ now hold a record 17% of all US equities and mutual fund shares outstanding.
The percentage has TRIPLED since the 2008 Financial Crisis low.
At the same time, Americans under 40 own just ~3%, in-line with 2003 levels.
This percentage is HALF of what it was in the late 1980s.
As a result, the difference between the two cohorts is now ~14 percentage points, the widest on record.
By comparison, the gap stood at ~6 percentage points at the start of the 1990s.
The wealth gap is widening.
@Apkalluu@newworldartur No, Vegapunk said it runs on the power source he cant replicate. Mother flame is a power source, will power is not. Just like for Luffy, he needs food as a power source. Will power is used to improve techniques (haki).
Last week, 7 courageous aid workers with @WCKitchen were killed by an Israeli airstrike in Gaza while trying to feed starving people.
Listen to the words of Chef Josรฉ Andrรฉs on what's happening in Gaza today.