That may be true but they don’t own 40% of stocks, they own an incredibly small percentage of the total market cap.
But they don't see it as market share. They see it as a benchmark until retirement.
When the market tanks and their 401ks fall, they see that as years off their life. When it rises to the point that retirement is feasible, they become that much more untethered from their working peers, as their interests align with the bourgeoisie.
The volume of accrued wealth is less important than the association with the property owning class
But they don't see it as market share. They see it as a benchmark until retirement.
When the market tanks and their 401ks fall, they see that as years off their life. When it rises to the point that retirement is feasible, they become that much more untethered from their working peers, as their interests align with the bourgeoisie.
The volume of accrued wealth is less important than the association with the property owning class