Top 10% of Americans Own a Record 93% of the Stock Market

• The richest Americans own the vast majority of the US stock market, according to Fed data.
• The top 10% of Americans held 93% of all stocks, the highest level ever recorded.
• Meanwhile, the bottom 50% of Americans held just 1% of all stocks in the third quarter of 2023.

The wealthiest Americans have never owned so much of the stock market, with the top 10% now holding a record 93% of US equities,