Take the following as truth: Yet, despite the stock market boom of the 1990s, many households have accumulated little, if any, wealth (see figure 1.3), and half of American households did not own stocks as of 1998.
Then the following statement: "Households have had a hard time accumulating wealth in spite of the vaunted stock market booms of the 1990s." is true, false, or inconclusive?
Answer: True