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.
@TedPillows Who gives a fuck bro if you're back in the freaking gym? Get your act together you perma-bear, we're on a 6-month "going lower soon" phase according to you. Piss off prick
@TedPillows I really cannot wait until the continuation of this bear market so I can congratulate you, or a liquidity driven bull reversal so I can finally unfollow you.
@realpeteyb123 You are somewhat detached from Greek reality bro. It is the Greek government who employed the Israelis to spy on its own people including ministers,MPs the head of the army, the head of the police, members of the oppositions, businessmen and journalists.