Americans poured more of their wealth into the stock market in recent years ā a positive force that left investors feeling rich when stocks were hitting all-time highs.
But as the war in Iran rattles markets, it risks leaving everyday investors exposed to a pullback.
In a note to clients, UBS said wealth in equities now accounts for nearly 40% of US household net worth, about double the roughly 10%-20% share that prevailed during the oil price shocks of the 1990s.
Uniquely Vulnerable
Just rubbish.
The wealthiest Americans have never owned so much of the stock market, with the top 10% now holding a record 93% of US equities, according to Federal Reserve data.
Based on this data from the Federal Reserve, the top 10% of American households had a net worth of at least $1,936,900
The top 10% will be fine regardless.