The wealthiest 10% of Americans own 90% of the stock market.
There’s a supermajority of Americans who give zero fucks about the stock market
Actually, I know very few people who do not have stocks through IRAs or 401Ks.
But probably nobody who has enough to quit their job right now, much less live it up.
Yeah, but the amount of stocks owned by them is miniscule compared to the richest 10% of the United States.
Those stocks are meaningless to most people for multiple decades tho, and within a decade will bounce back just like they did last time.
Unless there's a sustained loss or they don't have much time till they need to start withdrawals (in which case they should have most money in bonds, not stocks according to my retirement dude), these are just bumps in the road to normal people. It's only the wealthy whose numbers are directly related to the stock market who really cares. But they control the media, so the sky falls every time stocks have an issue.
IMHO, the jobs report and recession indicators are the bigger problem. That would have a real impact on working people.
I wish more people realized this.
It does affect us help your community
Eh, when the stock market does well everything stays the same, when it does badly you lose your job all of a sudden. People care about the stock market in that sense. (In addition to retirement funds and the like, sure you take the long term view on those, but the closer you get to retirement the less you want to see any kind of correction).
The wealthiest 10% of Americans own 90% of the stock market.
There’s a supermajority of Americans who give zero fucks about the stock market
Actually, I know very few people who do not have stocks through IRAs or 401Ks.
But probably nobody who has enough to quit their job right now, much less live it up.
Yeah, but the amount of stocks owned by them is miniscule compared to the richest 10% of the United States.
Those stocks are meaningless to most people for multiple decades tho, and within a decade will bounce back just like they did last time.
Unless there's a sustained loss or they don't have much time till they need to start withdrawals (in which case they should have most money in bonds, not stocks according to my retirement dude), these are just bumps in the road to normal people. It's only the wealthy whose numbers are directly related to the stock market who really cares. But they control the media, so the sky falls every time stocks have an issue.
IMHO, the jobs report and recession indicators are the bigger problem. That would have a real impact on working people.
I wish more people realized this.
It does affect us help your community
Eh, when the stock market does well everything stays the same, when it does badly you lose your job all of a sudden. People care about the stock market in that sense. (In addition to retirement funds and the like, sure you take the long term view on those, but the closer you get to retirement the less you want to see any kind of correction).