10% of Americans own 88% of Equities - Unbelievable but True 📉💸

📉💸 The Harsh Wealth Gap: Vacations for Some, Food Banks for Others 🍽✈️ On January 28, 2025, Scott Bessent was sworn in as the 79th Secretary of the Treasury of the United States. Here’s the reality no one likes to talk about: 🔟 The top 10% of Americans own 88% of the stock market 4️⃣0️⃣ The next 40% owns the other 12% 5️⃣0️⃣ The bottom half? Mostly debt — credit cards, auto loans, and rising rent. Scott Bessent is the United States secretary of the treasury since 2025 📊 Massive Inequality in Stock Ownership: The top 10% of Americans own 88% of equities, while the bottom 50% are burdened with debt, relying on credit cards, auto loans, and renting homes. 💡 Startling Contrasts in Daily Life: Despite a record number of Americans traveling to Europe in Summer 2024, food banks also saw unprecedented demand, highlighting the dual reality of American life. 🧺 Food Insecurity Among Working Families: Food banks report that it's no longer just the homeless or unemployed; working families unable to afford weekly groceries are now regular visitors. Visiting food banks is described as a blow to dignity for many, pointing to the broader emotional toll of economic hardship. Isn’t what’s he is saying clear like water? So the rationale is to eat the rich or to eat the goose that lays golden eggs? Baby boomers are sitting on generational wealth with multiple homes, while 90% of people under 40 are dirt poor.