How many people do you think actually made generational wealth from this run?

I'm Korean and it seems like all everyone is talking about is the market.

Recently I saw an interesting study - that majority of people who actually invested in this market only invested $1000 or less, and people who invested $100,000 or more is only 7% of total investors. People who invested $200,000 or more is even less than that.

It means even if you were somehow able to ride every single rally, most people probably made around $1000\~$10,000 in profit. It's not bad, but that's hardly life changing. I personally made around $30,000, and even though it might seem like small change to some people here, I consider myself incredibly lucky.

Yet simultaneously we hear about how everyone is becoming a millionaire. So obviously there's a mismatch. Personally I think the growing narrative that everyone else is getting rich except you is harmful - especially to young people who already feel squeezed for opportunity to better their lives the "traditional" way. I know too many young people who are taking out loans and jumping into investing with no experience, which is dangerous.