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Most Americans don't have disposable income to invest in the stock market.... there is no amount of investing that will turn their "barely making ends meet" wag
by socialist_coder 6y ago
Most Americans don't have disposable income to invest in the stock market.... there is no amount of investing that will turn their "barely making ends meet" wages into a living wage.
- jandrewrogers 6y agoThe median US household has ~$1000/month in investable cash left over after all ordinary expenses. Per the Bureau of Labor and Statistics (BLS) which tracks in detail how much people actually spend on myriad things in each income decile. Americans are notoriously poor at actually saving or investing that money compared to their counterparts in other developed countries, but $12,000/year is quite a lot to invest in the stock market. If you saved even half of that you'd have a comfortable retirement.
- staticman2 6y ago"You'd have a comfortable retirement" implies stock returns are knowable, which they are not. And the people assuming forward returns will be like past returns seem to be the least knowledgeable on evaluating assets. 12,000 a year is a lot less per year if you are saving for your child's college education.