If you have your ideology set, you ignore common sense. When you have your ideology set, you don’t even realize you are insulting people; “normal people.”
Stocks reflect the economy, rising stock prices reflect how well companies are doing and the better they do, the better workers do.
Every American has the opportunity to participate in the stock market and should do so. You don’t need thousands or even hundreds of dollars to start. In fact, most Americans have a vested interest in the stock market.
IMO an ideology that pits “normal people” against the rest of us is counterproductive, if not dangerous. Americans are victims only if they allow others to convince them so.
✔️ Families near the bottom of the income and wealth distribution experienced large gains in mean and median net worth after experiencing large declines between 2010 and 2013
✔️ Retirement plan participation and retirement account asset values rose between 2013 and 2016 for families across the income distribution, with the largest proportional increases in participation occurring among families in the bottom half of the income distribution.
✔️ Ownership rates and the value of direct and indirect holdings of corporate equities increased between 2013 and 2016, with the largest proportional increase in ownership among families in the bottom and upper-middle parts of the income distribution.