> Depends on how you define "regular folk".
> 40% of American adults don't have any retirement savings account at all.
So, 60% have, 60% is more than half, so it takes the value of "regular folk". Ah, statistics.
> 40% of American adults don't have any retirement savings account at all.
So, 60% have, 60% is more than half, so it takes the value of "regular folk". Ah, statistics.
Any definition of "regular folk" that excludes more than half the population is nonsense.
There is overlap, but there is also a large portion of regular people that do not hold stock in oil companies.
And going back to the original topic, these figures should help us realize two things that are both true:
1. a big part of the population is gaining from the gas price raising via funds growth.
2. a big part of the population, the one with less resources already, just pay the consequences of the gas raises because they don't own funds at all, so they cannot reap any growth there.