P Spx: Pension Plans and Building Wealth

p spx: That's a gain of 350% in 10 years, according to Market Watch. Talk about building wealth. Since the recession low of March 9, 2009, the S&P 500 SPX, -2.98% has rocketed from a devilish 666 to over 3,000 today. Now the bad news This incredible period of wealth creation has bypassed tens of millions of older Americans perhaps including you. That means 90% of American households own the remaining 16% of all stock. That's because get this 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. (news.financializer.com). As reported in the news.