It always goes up

Sen Sanders likes to Tweet about the billions and billions $$ the super wealthy have made this year. Other sources talk about household wealth vanishing.

“The wealth of American families plunged nearly 18% erasing years of sharp gains on housing and stocks and marking the biggest loss since the Federal Reserve began keeping track after World War II.”

OH WAIT! That was written in 2009.

Fact is the S&P 500 index is down about 6% for 2020 as of June 15, that’s after being up 30% in 2019. From year to year wealth goes up and down, but over time it always goes up.

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