Stock Ownership over Time

Below, Corrections displays a set of years with the proportion of the U.S. population holding stocks in their portfolio of assets:

• 1952:  4%
• 1970:  15%
• 1990:  32%
• 2000:  62%
• 2011:  54%

The United States has seen a dramatic rise in the proportion of the population holding stocks.  The impact on equilibrium taxation of capital will be an interesting long-run story.