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Here's who benefits from Dow 25,000

Julia La Roche

The Dow Jones Industrial Average (^DJI) crossed 25,000.

President Donald J. Trump often touts the stock market hitting new records as a major milestone for America.

The reality is that not everyone in America is exposed to the stock market.

Just moments after the Dow hit 25,000, Deutsche Bank released its massive “US Income and Wealth Inequality” slide deck authored by Peter Hooper, Matthew Luzzetti, Brett Ryan, Justin Weidner, Torsten Slok, and Rajsekar Bhattacharyya.

Some of the slides highlight how U.S. stock are mostly owned by the wealthiest households.

The richest 10% hold the bulk of the stocks.

Just 25% of households own more than $25,000 worth of stocks

The richest 1% own 40% of stocks held by households.

Households making over $250,000 own 60.5% of stocks held by households.

Julia La Roche is a finance reporter at Yahoo Finance. Follow her on Twitter.