Rumor vs Reality

Rumor: The stock market is up, so the economy's fine. Reality: The stock market is not the economy.

Published September 24, 2020

The stock market doesn’t always correlate with more important economic measures like employment, poverty or gross domestic product. About 84% of stocks are owned by the top wealthiest 10%. Half of all Americans own no stock. This means that a rising market doesn’t directly help most Americans. Other signs, like employment rates and consumer confidence, are far down from the start of the year.