Rumor vs Reality
- Reality Team
- September 24, 2020
Share on facebook
Share on twitter
Share on email
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.
References
New York Times: We All Have a Stake in the Stock Market, Right? Guess Again.
Trading Economics: United States Employment Rate
Trading Economics: United States Consumer Sentiment
See an error in our work? Please let us know and include the source of your info. We’ll update or correct as appropriate.