And 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

And 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.