Fact-check · Oct 7, 2026 · Donald Trump
“38% of Americans did not own a stock”
FALSE
What the record shows
As of April 2026, Gallup reports 58% of Americans own stocks (direct or indirect), meaning 42% do not own stocks. Earlier 2025 data showed 62% ownership (38% non-ownership), but the most recent April 2026 survey shows the rate has declined to 58%.
The claim of 38% non-ownership matches 2025 data (62% ownership), but April 2026 Gallup data shows 58% ownership, meaning 42% do not own stocks—a material difference.
Sources
- 58% of Americans Own Stocks, But the Median Bottom Half Holds Just $12,600
- What Percentage Of Americans Own Stocks or Real Estate?
- The wealthiest 10% of Americans own 93% of stocks even with market participation at a record high
- Why Some Americans Don't Invest in the Stock Market
- 58% of Americans Own Stocks, But the Median Bottom Half Holds Just $12,600 - 24/7 Wall St.
- How many Americans own stock? The top 1% own more than the bottom 90% combined - Alabama Gazette
From: President Trump Makes an Announcement, Oct. 7, 2026
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