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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: George Coyne who wrote (484790)10/31/2003 8:13:23 PM
From: TigerPaw  Respond to of 769670
 
the preponderance of dividend producing stocks are owned by seniors?


The majority are owned by multimillionares. Many multimillionares are seniors or elderly. By comparing multimillionares to seniors it is obvious that there can be no validity unless "seniors" refers to seniors who are not also multimillionares. It is not helpful to compare sets, to unions of sets, to skew statistics.
childwelfare.com

1998 - The top 1% of the U.S. population owned 67.7% of the business equity.
The next 9% owned 24%.

That left 8.3% of the business equity for the 90% of the population that is left.

If you skew it by age I think you would find the results even more dramatic.

TP