I ignored it because it is irrelevant. People's purchasing power isn't based on the stock market index, it is based on their income. Even a retiree who is net w

I ignored it because it is irrelevant. People's purchasing power isn't based on the stock market index, it is based on their income. Even a retiree who is net withdrawing... a 60% upwards move in the stock market doesn't mean that retiree has 60% more purchasing power this year. Use some of your purchasing power on an economics book.