π‘ On my Radar
Despite the economic chaos of the current presidential administration, and unprecedented tariffs unseen since the 1930βs β¦ the S&P 500 is up 7% this year, hitting near-record highs. But if you talk to actual people about their lives, the story is completely different.
Tariffs are at 27%, immigration raids are shutting down businesses, and inflation hasnβt gotten better. Yet Wall Street keeps partying. Why?
The stock market has never been "the economy." It's a scorecard for the wealthy, not a measure of how most people are doing.
The top 10% of Americans own 93% of all stock wealth - and the top 1% of those own roughly half of all stocks. When the Dow Jones hits records, it's measuring affluent investor mood, not whether your neighbor can afford rent.
Meanwhile, half of the families in America own no stocks at all. In a survey undertaken by the Federal Reserve Bank of Cleveland 76% of organizations serving low-income communities report their clients got worse financially overβ¦
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