this post was submitted on 23 May 2024
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politics

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[–] [email protected] 18 points 5 months ago (1 children)

I really don't like that the sources on this article are missing.

Sure, that’s a lot of money for the wealthy who control 93% of stock, but it’s also tens of millions of Americans who will have a more comfortable and secure retirement. In fact, the number of Americans who have over $1 million in their retirement accounts grew by 20% in the last quarter of 2023.

Fine and dandy, except that half of Americans don't have a retirement account. Or 47% of Americans.

So while retirement indexes are up, 1:2 people are not going to see that.

Inflation eased slightly in April — the first time this year that has happened. Overall inflation edged down to 3.4% and slipped to 3.6% when you exclude food and energy costs. (food expected to rise by an additional 2.2%)

Good to see the brakes are working. But just remember that not everyone goes out to by a car or house on a twice-a-week basis. But everyone does with the grocery store. Which in Biden's defense, he has started trying to pull back.

Though effort =/= job done.

[–] [email protected] 3 points 5 months ago* (last edited 5 months ago)

Surely there are some numbers we could look at every day besides the stock market numbers. Like couldn't we have Real Income and/or Purchasing Power right next to the DOW and the S&P? Or how about instead of the Dow and S&P since, like you said - most Americans lives don't change by the changes in the stock market.