*>> I'm thinking the bottom 90% doesn't own much stock due to lack of funds. Not... | Hacker News

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throwawayjava on Jan 26, 2020 | parent | context | favorite | on: Stocks Up $1T Since October

>> I'm thinking the bottom 90% doesn't own much stock due to lack of funds. Not because they don't know how or because transaction fees are too high.

> People making $180k a year lack funds to buy stocks? Yeah, that’s a no from me.

An individual person making $180K a year is in the 92nd percentile. Parent is talking about the other roughly 300 million people.

loeg on Jan 26, 2020 [–]

GP is talking about the 90th percentile. If you want to quibble about exactly where that line is, whatever, but it's not the point. It's very clear that the percentage of people who can afford to invest is broader than the top decile.

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