This might come as a surprise to folks who do not own stocks and are not aware of the difference between income and (unrealized) capital gains. According to this article [1] from 2020, about half of American families owned stocks. But only 14% own stocks directly, the rest is through retirement accounts.
The media does their part with sensationalist headlines like "Jeff Bezos got 100B richer during the pandemic". Without some financial literacy, someone might interpret this that someone handed Jeff Bezos a 100B paycheck.
The media does their part with sensationalist headlines like "Jeff Bezos got 100B richer during the pandemic". Without some financial literacy, someone might interpret this that someone handed Jeff Bezos a 100B paycheck.
[1] https://www.forbes.com/sites/teresaghilarducci/2020/08/31/mo...