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>Why do higher stock prices make the middle class feel more wealthy? Is it really that common to own enough stocks to make up a significant portion of your weal
by woofcat 7y ago
>Why do higher stock prices make the middle class feel more wealthy? Is it really that common to own enough stocks to make up a significant portion of your wealth?
At least in my country the stock market is basically you're retirement fund unless you're one of the few people with a Government pension.
Most companies here offer a matching program to invest for your retirement. This is dumped into the stock market for general growth, with the idea that it's there when you retire.
- RugnirViking 7y agoMaybe so, but I can't imagine the day-to-day contractions or growth spurts in the economy have much of an effect on your retirement planning, or your general consuming habits.
- woofcat 7y agoday-to-day no, however it means people are more keen to pay attention to market news. After all, choosing bad investments that earn you say 4% y/o/y return, vs 15% y/o/y results in _massive_ changes on the scale of 20-40 years.