US Politics on Sidechat | How many times are you going to celebrate when the Trump administration says “the stock market is at a record high!” before you realize that your wallet isn’t getting any fatter no matter how high the stock market gets?

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How many times are you going to celebrate when the Trump administration says “the stock market is at a record high!” before you realize that your wallet isn’t getting any fatter no matter how high the stock market gets?

Anonymous 20w

I mean if you invest your wallet does get fatter as the market goes up

Anonymous

#1 20w

The bottom 50% of income earners own less than 10% of the stock market. And the top 1% owns over 80%

Anonymous

OP 20w

That doesn’t change the fact that anyone who owns stocks benefit when the market grows, regardless of how many shares they have. Besides, your metric doesn’t account for indirect ownership like 401ks, pensions, and index funds.