Comment by toomuchtodo

93% of equities are held by the top 10% of households. Most middle class wealth in the US is primary residence real estate. The stock market isn’t the economy. No one is entitled to wealth, nor it maintaining it's value.

> As of 2022, about half of households with a worker age 55 and older had no retirement savings, and 32% had no retirement savings or a defined benefit plan.

The scaremongering about equity values and your average person’s holdings and exposure is not grounded in facts and reality. It’s simply scaremongering.

https://news.ycombinator.com/item?id=49357337 (citations)