The coming ‘tsunami of poverty’ for retirees — and what to do about it.

The wealthiest 10% of households own 84% of all stocks—and that includes pension plans, 401(k) accounts and individual retirement accounts (IRAs) as well as trust funds, mutual funds and college savings programs like 529 plans. That means 90% of American households own the remaining 16% of all stock.
— Read on www.marketwatch.com/story/the-biggest-bull-market-ever-yet-disaster-looms-for-millions-of-retirees-2019-07-18