Detailed text transcripts for TV channel - MSNBC - 20170805:16:35:00
Far the largest share participate passively in the market through their 401(k)s, i.r.a.s and other retirement savings accounts. study authored from the national bureau of economic research showed most stock holdings are held by the rich. the top 20% of households by wealth owned 92% of stocks back in 2013 while 80% of all americans put together own the remaining 8%. when the president logs a whopping 20% gain in the dow since his election, that is mostly helping america's wealthy, not the wider american public. now, the president and others will argue the wealth effect from the market can tric...