Roughly $11.1 trillion has been wiped away from the U.S. stock market since Jan. 17, the Friday before President Donald Trump took the oath of office and began his second term, according to data from Dow Jones Market Data.
Some $6.6 trillion of that figure was lost on Thursday and Friday alone — the largest two-day wipeout of shareholder value on record, Dow Jones data showed.
There’s more people who don’t have investments than there are that do. That includes 401k. Welcome to the poor people’s club.
50% of the country has a 401k and like 40% has an IRA… They are not worth much, that is the point the poor people can’t afford to get more poor, the rich people can. they’ve realized theres nothing else their money can buy so their happy to destroy the world out of boredom. And you cheer them on.
My info was outdated, but where an I cheering it on? Is there some invisible message my reply had that I’m not seeing?
https://www.fool.com/research/how-many-americans-own-stock/
Uh, no.
Source that’s not so heavily “invested” in the answer perhaps? I can’t read this ad-ridden garage.
Is it enough to stay that most Americans stocks are the smallest of their saving vehicles? Most people have the bulk of value in their home not their 401k.
Correct. Which makes sense when you consider home prices have gone up alot in the last 20 years, and an unaware investors portfolio is probably being slowly bled off by covering the mortgage of that house every time we go into a recession which is basically on a 2 year cycle now.
So yes you are right, and you are so smart and a very good boi. But you are missing the bigger picture of American wealth distribution. Missing out on how jobs are tied to the market, income is needed for investment and selling investments when you lose your job and they are down 50% just shoots most of the country into poverty.
Surprise its the great depression!
I’m not good and not a boi/boy/guy/whatever, but thanks I guess.
I was more interested in getting to the fact that everyday American don’t rely on the stock market directly. If you are hurting directly in this downturn, you needed to have less volatile investments to begin with. Americans do have some small direct market investments but they are dwarfed compared to their other stores of value and to the quantity of money in the market from non-consumer level individuals.
When you say ‘don’t rely on the stock market directly’ you’re aware of the second and third order effects from a market crash right?
The president just crashed the market harder than Covid for no reason, and you’re telling me i need less volatile investments? What investment would that be out of curiosity?
Even the union worker who doesn’t have a Schwab account has their pension invested in the market.
Not everyone is a union worker. Almost no one has a pension anymore. I don’t know a single person under 45 with either.
Even if this were true, are you pretty much saying everyone that had a 401k can f off? Like, what exactly is your point? It’s okay for everyone to suffer?
Where did I say any of that?
My apologies I thought you were the same person from the beginning of the thread, which would have changed the meaning behind what you said.