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On average, most large cap stocks (MSFT, GOOG, AAPL, etc) are owned by millions of retail investors through 401Ks, mutual funds, ETFs, and direct ownership.

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Median net worth at 40 years old in the US is less than 150k. Most Americans benefit very little from share prices rising, at least directly.

Of the US stock market half is owned by 1%.

https://fred.stlouisfed.org/series/WFRBST01122

Actually I believe this graph is half of US-owned equities and mutual funds is owned by the top 1% of Americans right? This doesn't include other extremely large holders such as sovreign wealth funds like norway/singapore or very large pension funds like the ontario teachers fund etc....

The USA is rather unique in its low pensions compared to countries in the EU or Australia (notable for its high contribution rates).

Tech founders (part of the 1%) own about 2% of the stock market.

About 18% is owned by foreign entities.

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