Trump says 'everybody's profiting' from recent market rallies — but it’s mostly the 1%

Former President Donald Trump stated that "everybody's profiting" from recent market rallies. According to Federal Reserve data cited by economists, approximately 93% of stocks are owned by the wealthiest 10% of U.S. households, while a significant share of U.S. households have no exposure to equities. The stock market gains in recent months have accrued predominantly to higher-income households that hold investment portfolios.

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