The Cup's Half Full

A new study reveals that 48% of Americans own stocks, a record high. Is that great news?

We sure are proud of ourselves. Technology lets us work less and do more, while the bull market lets us save less and put more away for retirement. A new study celebrates the finding that a record 48% of American households own stocks, which now account for 35% of all household financial assets, at least a 50-year high. On Oct. 29, PBS will air Stockholder Society, a special that extols the virtues of the public's widening stake in the economy. Yes, we're doing some things right.

What with lingering questions about Social Security and the demise of the traditional pension, Americans...

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