Millions of Americans have 401ks for their retirement which usually consist of shares bought in the stock market. IRAs and the various other retirement funds are also usually invested.
As for how the stock market indirectly impacts Americans, I'd need a lot more space, but the basic idea is that if there is confidence in the stock market and economy, people will spend, which keeps businesses going, which means jobs and income tax for the government to disperse to those not working. That covers probably 90-99% of Americans in that most either work or rely on the government for this or that.
If people are not confident in the stock market and economy, people will save. And if, on a macro level, enough people don't spend, businesses will fail, jobs will be lost and income tax will be lost, which can cause a spiral effect. More uncertainty causes more people to save, which causes less spending, which causes less businesses, less jobs and less income tax. Repeat as necessary. Without going into an insane amount of detail, once the economy is shifted beyond normal fluctuations, it may not recover and go into a spiral like the Depression. The Recession was simply *slowed* growth if you want a more recent idea of what can happen.
That being said, I agree with the rest. Both parties are only after power and not for the greater good of the entire country. I'm in the upper middle class (100k-350k household) and if the ACA isn't gouging us, the changed tax law to benefit the boomers is. Both parties screech about the middle class, but I think everyone sees through the nonsense now.
And I swear I'm not going to let her know all the pain I have known
20-Feb-2020 15:34:26
- Last edited on
20-Feb-2020 15:43:14
by
Averia Light
