The Top 1% own around 50%. The Bottom 50% own around 1%. The Top 10% own around 87%.
And stock ownership has gone down 4 points since 2025. People are raiding their 401(k)s and IRAs to afford living expenses. And there are huge tax consequences for taking money out of a 401(k) or IRA early. And that's if people even have 401(k)s and IRAs.