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this post was submitted on 13 Jul 2024
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politics
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https://news.gallup.com/poll/266807/percentage-americans-owns-stock.aspx
https://www.wsj.com/finance/stocks/stocks-americans-own-most-ever-9f6fd963
Do you have a source for your assertion?
Fair enough, I guess I didn't account for the pandemic's impact on stock ownership. I should've said almost most Americans don't own stocks. I mean, your own sources show it was just about half of Americans for a while until recently.
Also, I hate considering 401ks as part of that since it's not like people have a choice there. it's just a cop out to sell out the nation to corporations via tax cuts and reduced regulations. My main premise is moreso that the economy is great if you're a corporation or have a good job/are ready to retire
401ks are both voluntary and allow a selection of investments, so what do you mean “it’s not like people have a choice there”?
Pension funds are also mostly invested in stocks, so anyone with a pension also does better.
Like, you are saying the existence of people who are having it tough means the economy isn’t improving, and circumscribing anyone who may be doing better. Of course the economy is bad for people with the worst situations - that’s a tautology. The question is, is the wide middle doing better? Are fewer people in that situation?