At least we haven’t gotten poorer 🇺🇸

(http://www.autoadmit.com/thread.php?thread_id=5859331&forum_id=2)#49833655)

The stock market did create some of the mega rich, though not all of them. And it's true that millions of children are being made every day, but I wouldn't attribute all of it to growth in the stock market.

(http://www.autoadmit.com/thread.php?thread_id=5859331&forum_id=2)#49834627)

Take the top 30% number you mentioned. That's the approximate proportion of Americans who are NOT living paycheck to paycheck. (The $8,000 figure is for households rather than individuals, so those two statistics are easy to square; it doesn't mean that the median individual is living paycheck to paycheck and also had $8,000 at the time they were surveyed.) Stock market gains are not helping the 2/3 of Americans who are barely getting by.

(http://www.autoadmit.com/thread.php?thread_id=5859331&forum_id=2)#49835667)

Certainly not the material conditions of working Americans. If it were a choice, I'd much prefer a worse stock market and more affordable life. People voted for him to make their lives more affordable, not to make the number go up on the screen for the people with enough money to invest.

(http://www.autoadmit.com/thread.php?thread_id=5859331&forum_id=2)#49833671)

I hope you're right but I think jobs are decreasing fast enough to more than cancel out Boomers retiring.

(http://www.autoadmit.com/thread.php?thread_id=5859331&forum_id=2)#49833735)

If you want a proportionally larger middle class then cut it out with the immigrants

Btw only like 5% of Tall Guys over 30 live paycheck to paycheck in OECD countries

(http://www.autoadmit.com/thread.php?thread_id=5859331&forum_id=2)#49833820)

Those in the 50-90% bracket are relatively poorer than the previous generation.

(http://www.autoadmit.com/thread.php?thread_id=5859331&forum_id=2)#49834245)

if our wealth and income disparity increased even further, with all the wealth held by the 1%, and the remainder living and working like slaves, the stock market and gdp would be even higher.

(http://www.autoadmit.com/thread.php?thread_id=5859331&forum_id=2)#49834081)

"You would rather the poor be poorer if the gap between the rich and poor were closer." - Margaret Thatcher

(http://www.autoadmit.com/thread.php?thread_id=5859331&forum_id=2)#49834375)

if my argument is low iq you could explain why. but you can't explain how this system is good for the working class when their conditions have gotten worse under it. so you're just reacting in tdnw "UR WRONG AND STUPID COMMIE" fashion.

(http://www.autoadmit.com/thread.php?thread_id=5859331&forum_id=2)#49834397)

What do you want me to say? Things aren't great for the working class. No one has been able to solve this with a magic bullet. It's been cheaper to shear a sheap in New Zealand and transport it on a boat to the UK than it is to shear a sheep in Scotland and sell wool locally since like 1980.

You know full well that has nothing to do with Trump. Warren Buffet said the one industry he never made a dime on was textiles. There are no blue jeans made on US soil (not counting some boutique guy in his house). There's no longer any denim material made in the US. Some things simply change over time in a global economy and you can't go back, you can't just triple down on a fantasy that entire sectors of the economy are gone. Studebaker is not coming back. People in Bangladesh make fast fashion garments for subpennies per hour. How is any of this going to change or go back to the old ways? How is it Trump's fault?

(http://www.autoadmit.com/thread.php?thread_id=5859331&forum_id=2)#49834407)

i didnt say anything about trump. and i cited bailouts going back to ite, so i have no clue why you'd interpret what i said as being about trump.

(http://www.autoadmit.com/thread.php?thread_id=5859331&forum_id=2)#49834430)

The median American household has $8,000 total. Not just investments but total NW. Most people's financial situations are virtually unaffected by the stock market.

(http://www.autoadmit.com/thread.php?thread_id=5859331&forum_id=2)#49835501)

e.g., for the S&P 500

1940: 10

1950: 20

_____________

1955: 40

1965: 90

_____________

1990: 330

2000: 1400

_____________

2004: 1100

2014: 2000 (i.e., going through ITE)

(http://www.autoadmit.com/thread.php?thread_id=5859331&forum_id=2)#49834529)

See, e.g., https://fred.stlouisfed.org/series/INDPRO Industrial production climbed consistently from 1933-2007 and has been essentially flat since then, minus blips for ITE and Covid.

(http://www.autoadmit.com/thread.php?thread_id=5859331&forum_id=2)#49834611)

Sounds like we'd have been better off if Sleepy Joe had been POTUS the whole time.

(http://www.autoadmit.com/thread.php?thread_id=5859331&forum_id=2)#49834639)