10 Charts of 2012: Distribution of Stock Market Wealth

Source: Economic Policy Institute

Source: Economic Policy Institute

Today’s chart, again from the Economic Policy Institute’s State of Working America, shows how the distribution of stock market wealth has changed since 1983.  This time period coincides with the start of the wholesale changeover of retirement savings from defined-benefit plans to defined-contribution plans.  These changes were supposed to “democratize” the stock market and give all Americans a stake in what happens.  Well, that hasn’t occurred.  In fact, the distribution of stock market wealth is largely unchanged over that time period.

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