I kind of agree, but again me ≠ economist. I've found value in looking at the median reitrement account value of Americans. I say median, because the wealthy* s

I kind of agree, but again me ≠ economist. I've found value in looking at the median reitrement account value of Americans. I say median, because the wealthy* skew the mean and so it's not valuable. https://dqydj.com/retirement-savings-by-age-united-states/ https://dqydj.com/retirement-savings-by-age-united-states/ So this tells us the average person who is retired or approaching retirement, has about $40,000 of retirement savings. If that went down to $20,000 (50% drop in total market) would that change their normal person lifestyle a lot? I would say no, because CPI is pretty low and prices are pretty low for things normal people buy. It shows the inflation in asset prices seem to be detached from reality.