{"id":45177,"date":"2026-07-02T14:07:04","date_gmt":"2026-07-02T14:07:04","guid":{"rendered":"https:\/\/financialrush.com\/?p=45177"},"modified":"2026-07-02T14:07:04","modified_gmt":"2026-07-02T14:07:04","slug":"trump-says-everybodys-profiting-from-market-gains-but-mostly-the-1","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=45177","title":{"rendered":"Trump says everybody’s profiting from market gains, but mostly the 1%"},"content":{"rendered":"

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U.S. President Donald Trump speaks during the visit to the Theodore Roosevelt Presidential Library for its dedication, in Medora, North Dakota, U.S., July 1, 2026. <\/p>\n

Evan Vucci | Reuters<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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President Donald Trump<\/a>‘s crypto-related income and holdings in companies such as Apple, Microsoft, and Nvidia netted him many millions, according to his annual financial disclosure report<\/a>. <\/p>\n

“You know \u2060why \u200bI’m profiting? Because the \u200bstock market’s going up, everybody’s profiting,” Trump said to \u200breporters Wednesday.<\/p>\n

To be sure, in the first six months of the year, the Dow Jones Industrial Average<\/a>\u00a0climbed 8.9%, marking its best first-half performance since 2021. The S&P 500<\/a> rose 9.6%, and the Nasdaq Composite<\/a>\u00a0climbed 12.8%. The small-cap\u00a0Russell 2000<\/a>\u00a0surged nearly 22%, notching its\u00a0best first-half performance<\/a>\u00a0since 1991.<\/p>\n

But not everybody shares in the market’s upside. <\/p>\n<\/div>\n

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Read more CNBC personal finance coverage<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Stock wealth has largely\u00a0accrued<\/a>\u00a0to the richest U.S. households, research shows. <\/p>\n

According to a Gallup Poll often cited by Treasury Secretary Scott Bessent, 38% of American households<\/a> have no exposure to equities at all. <\/p>\n

Of those who do invest, stock ownership is heavily concentrated among the nation’s highest earners. <\/p>\n<\/div>\n

A growing wealth gap<\/h2>\n
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As of the first quarter of 2026, the top 1% owned half of corporate equities and mutual fund shares, or about $27.64 trillion, according to the most recent Federal Reserve\u00a0data<\/a>, while the top 10% of Americans hold more than\u00a087%.<\/p>\n

Meanwhile, the bottom 50% of households collectively held just 1% \u2014 or $590 billion \u2014 of that stock and mutual fund wealth.<\/p>\n

“Half of Americans effectively own no stocks,” said Mark Zandi, chief economist at Moody’s. And “to be in the top 1%, you need to make over $750,000 annually.” \u00a0<\/p>\n

Those dynamics, along with the recent bull market, have exacerbated the wealth gap, he said. <\/p>\n

“The surging stock market is enormously beneficial to the finances of\u00a0the well to do, but means little for most Americans,” said Zandi.<\/p>\n<\/div>\n

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Bessent and other advocates of soon-to-launch Trump Accounts<\/a> say investing in U.S. stocks can help narrow the gap by creating more\u00a0wealth-building opportunities<\/a>\u00a0for children across all income levels.<\/p>\n

“We need to get capital into the pockets of every child born so that they can compound in the upside of\u00a0SpaceX<\/a>, in\u00a0Alphabet<\/a>, in all of our great companies, like everybody else in the market,” Altimeter Capital CEO Brad Gerstner, who helped spearhead the investing accounts, said during a June 12 appearance on CNBC’s “Halftime Report.”<\/a><\/p>\n

According to a new analysis<\/a> by consulting firm\u00a0McKinsey, Trump Accounts could potentially generate $80 billion to more than $900 billion in long-term asset accumulation for lower-wealth households over the next decade. However, participation, contribution patterns and sustained engagement are key factors in those outcomes.<\/p>\n

Subscribe to CNBC on YouTube.<\/strong><\/em><\/a><\/p>\n<\/div>\n

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/div>\n<\/div>\n\n
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