4 ms·
No, let's say all. Depending on the report you read, between one third and one half of americans couldn't come up with $2,000 in an emergency if they needed it
by eximius 9y ago
No, let's say all.
Depending on the report you read, between one third and one half of americans couldn't come up with $2,000 in an emergency if they needed it. The cost of most goods could not rise or people would starve.
The stock market going up makes no difference to a majority of america.
- icedchai 9y agoMore people own stocks than you seem to believe: http://factmyth.com/factoids/about-half-of-americans-own-stocks/ http://factmyth.com/factoids/about-half-of-americans-own-sto...
- eximius 9y agoAnd what is their average exposure? If you have 10k in a 401k and it goes up by 100x, that's great, but not enough to immediately retire. If you have 50k in a 401k and your funds double (a more reasonable increase, but still absurdly well)... so what? The point is, the stock market is a terrible metric of how their wealth is doing for a great many people. Enough people that drastic upward movements will only affect the prices of higher-end items because it will not immediately inject cash into people's lives who are living paycheck to paycheck (or nearly are) and need to buy food.