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![chamath Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::3291691.png) Chamath Palihapitiya [@chamath](/creator/twitter/chamath) on x 1.9M followers
Created: 2025-04-05 04:05:48 UTC

The top XX% of American households own XX% of the total equities owned by American households.

The next XX% of households own 12%. 

This means the bottom XX% of Americans have ZERO interest in the stock market, are likely in debt and l, simply, just want to do better. 

This reinforces what Bessent has said earlier that the stock market “is a Mag7 problem not a MAGA problem.”

If fixing the system is about fixing what isn’t working for them, then don’t expect a magic lifeline for equities.

Conventional wisdom has been that there is always a Fed put or a White House put if the stock market contracts enough but this may be a moment to hold a radical new view which is that the put is off the table.


XXXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1908370460624220492/c:line.svg)

**Related Topics**
[maga](/topic/maga)
[bessent](/topic/bessent)
[debt](/topic/debt)
[stocks](/topic/stocks)

[Post Link](https://x.com/chamath/status/1908370460624220492)

[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

chamath Avatar Chamath Palihapitiya @chamath on x 1.9M followers Created: 2025-04-05 04:05:48 UTC

The top XX% of American households own XX% of the total equities owned by American households.

The next XX% of households own 12%.

This means the bottom XX% of Americans have ZERO interest in the stock market, are likely in debt and l, simply, just want to do better.

This reinforces what Bessent has said earlier that the stock market “is a Mag7 problem not a MAGA problem.”

If fixing the system is about fixing what isn’t working for them, then don’t expect a magic lifeline for equities.

Conventional wisdom has been that there is always a Fed put or a White House put if the stock market contracts enough but this may be a moment to hold a radical new view which is that the put is off the table.

XXXXXXX engagements

Engagements Line Chart

Related Topics maga bessent debt stocks

Post Link

post/tweet::1908370460624220492
/post/tweet::1908370460624220492