"The $40 trillion in stock market wealth in the U.S. is almost 60% of the value of all the equities in the world."
Americans make up 4-5% of the world population.
Americans make up 4-5% of the world population.
[1] https://www.inside-it.ch/big-tech-sorgt-fuer-grosse-verluste...
Is this about Americans owning 60% of the value of all the equities in the world, or is just that 60% of the value of all the equities in the world are listed on US markets?
Over half of my stocks were bought on US exchanges and I'm not a US citizen. Very roughly calculated, Norway owns about 1.5% of the world's equities so Norway owns a nice piece of that $40 trillion and they're also not US citizens (well, some of them are, I expect).
[US HQ Public companies / All Public companies] = 60%
[US People / All People] = 5%
The listing venue doesn't matter (though for obvious reasons, almost no US companies list overseas). The 60% also does not include foreign companies like Spotify that list in the US.
The point being that things that started in the US and are primarily run by people in the US are way overrepresented.
If you're an American you're not especially wealthy or well off compared to the world average and adjusted for expenses. It's just rhetoric to make you feel embarrassed for wanting anything more than you have already received.