The stock market erased $6 trillion in wealth last week over coronavirus fears - but 3 charts show why it won't immediately impact most Americans

The average family among the top 10% of US households who own stock tend to have portfolios worth $200,000 and above, according to the Federal Reserve — at least 60x more than the bottom half of the wealth distribution.

As a result, stock losses would hit those with much higher incomes initially.

Under half of Americans in the bottom half of the wealth distribution had money invested into retirement accounts, which includes IRAs, 401(k)s or similar.

In 2017, the US Census Bureau reported only a third of workers contributed to a 401(k) plan.

Of course, the recent stock market losses puts a dent in their savings.

Nearly half of families in America don't have any retirement savings at all, according to a study from the left-leaning Economic Policy Institute.