Have you ever wondered who actually owns the stock market? Now we know, thanks to a new piece from the Urban-Brookings Tax Policy Center.
Two things jump out at me from this chart. First, at 40% of the U.S. stock market, foreigners own more than taxable accounts (25%), and retirement accounts (30%). The second thing that stands out is that the ownership of the stock market used to be concentrated in taxable accounts. Ins…
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