At the end of this past June, the most recent Federal Reserve data point available, the nation’s poorest half held less than 1 percent of the nation’s stock holdings, just 0.6 percent. The nation’s poorest 90 percent, all combined, now hold just 11.8 percent of the nation’s stocks.

The Rich Are Cheering Wall Street’s Latest Records. Americans of Modest Means Are Draining 401(k)s. | The Smirking Chimp