In at least one sector of the economy, that situation is changing. High tech entrepreneurs have turned employee stock ownership into a basic building block for start-up enterprises. Some experts see that as an important step toward growth, as you can hear in this Morning Edition report from NPR's Chris Arnold. The percentage of Americans who own stock has risen sharply in recent years, but a relatively small number of people own the majority of the shares, and most workers don't have any stake in the company for which they work. In at least one sector of the economy, that situation is changing.
Some experts see that as important step toward growth.
NPR's Chris Arnold reports. That's 106 million Americans. And the fiscal implications of that alone are just absolutely stunning. He says never before in U.S. history have so few people owned so much. And with the baby boomers headed toward retirement without much savings, he says the country is headed for real fiscal trouble.