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Well in the U.S., a majority of households are invested in the stock market via 401(k)’s. When their investments do well, the average Joe will give the incumben
by layman51 9mo ago
Well in the U.S., a majority of households are invested in the stock market via 401(k)’s. When their investments do well, the average Joe will give the incumbent president the credit.
- kubb 9mo agoI think that largely didn’t happen with Biden. But if it’s true then it makes divesting from US stocks a priority for countries targeted by the US administration.
- zmgsabst 9mo agoOnly if there’s a net increase in their well-being. If their 401k is up, but so is cost of living and job prospects are down, most families are not invested enough to view that as a positive.
- tonyedgecombe 9mo agoSome people prefer to believe the media they consume over their lived reality. My parents fall into this trap, they keep telling me things have never been so bad yet they live materially better lives than their own parents and their children.