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The top 1% by wealth own about half the stock and mutual fund shares, and the next 9% own another 41%, leaving only 9% of this wealth in the hands of 90% of the population
@VANDEMORY1342 UCLA stat's are higher but UCB is far better known internationally. Its grad programs are also world class. UCLA is much like NYU in that respect.
^^Graduated 1980 in Michigan to a 19% unemployment rate. Took my highest honors degree to the library, where I worked full time shelving books for a year. I was not an outlier.
Anyway, on the subject the subject of overenrollment, there is a raging discussion on the (non-CC) service academy forum about the ethics and morality of academy appointees putting down deposits and holding on to acceptances from their "plan B" colleges until they get through summer basic training in the event of either a medical turnback or deciding that the military isn't for them. (Basic training ends in plenty of time to proceed with plan B if necessary.). Many of the posters there rage about how unethical this "insurance" is but don't seem to grasp the concept of yield management or the fact that so many colleges are over enrolled that a handful of potential cadets or midshipmen (or anyone else) notifying these colleges in late summer that they do not plan to matriculate is not only already accounted for but is a blessing to overenrolled schools. I've pointed that discussion here for some enlightenment, but those folks are a different breed.