- Donald Trump loves to trumpet the hot U.S. stock market as a key achievement of his presidency, and he was in full self-congratulatory mode on that front during Tuesday night’s State of the Union address.
That’s because 84% of stocks owned by U.S. households are held by the wealthiest 10% of Americans, according to an analysis of 2016 Federal Reserve data by Edward Wolff, an economics professor at New York University. So when the stock market has a blockbuster year - such as the nearly 30% rise in the S&P 500 benchmark index in 2019 - the payoff primarily goes to people who are already rich.
So who owns most of the stock market? The majority of corporate equities and mutual fund shares are held by investors who are white, college educated and above the age of 54, according to an analysis from the Center for Household Financial Stability at the Federal Reserve Bank of St. Louis. Still, the recent revival in the housing market, spurred in part by the Federal Reserve’s interest rate cuts, is not helping all Americans equally. Rising property values benefit homeowners but make it harder for aspiring home buyers to break into the market, said Eugene Steuerle, co-founder of the Tax Policy Center, a joint venture between the Urban Institute and the Brookings Institution.
If they're left out of is voluntary. A hobo with a library pass can trade stocks.
Most Americans walk around with smartphones with unlimited data plans. Our welfare recipients rank in the top 18% of worldwide household income. We have unlimited choices of cheap, safe, affordable food and clean drinking water (except a few cities run by Democrats for decades)
BS fake news
Stop complaining!
It’s worked out well for me and everyone else I know with a 401k or IRA. 👍🏼
Dont be daft Reuters .. the money spreads through various channels not just owning equities !
Both parties agreed there is guilt! But punish Iran not to punish is a question? Atleast President should feel shame himself to resign!
The amount of economic illiteracy in this video is staggering. Holding an investment where the value increases like retirement is a net gain even if it can't be immediately cashed in. Investment also drives down overall cost which benefits the poor the most.
kat_pep_ Trump is so out of touch
pumpanddump of the USTreasury courtesy of Minuchin.
The businessman does business as usual. Lining the pockets of bankers and wall street.
The ill called tax reform had only helped the wealthy. The economy has worked despite DT’s blunders, like the tariffs. It has been erratic and gains have been wiped out more than once because DT’s temper swings.
Tell that to Trump uneducated redneck supporters. They don’t know they are cheerleaders for their poverty schemes. Eating mayo sandwiches in their mansions at trailer parks. Marrying off their daughters to cousins on opiates and meth as they shout, USA, USA, USA, USA in MAGA caps
Pay up 401k poppin Taxes lower I call bullshit on the headline.
Most Americans are'nt president too.
People know the stock market indicators are more than just having shares but most Trump-hating MSM in SocialMania biased logic are left out
Started to publish politica propaganda? Shame. What about the lowest unemployment rate ever?
I got left out.
That’s not true. At all. It’s propaganda.
Depends who you ask....
Hey remember while much of the market gains go to older wealthier people, most of those people were once younger with limited stock ownership too. Time can have a big impact. Today’s younger, less invested will get there too someday.
Reckless reporting. Of course pensions participate in stock market substantially. Job growth is also tied to company growth and rising company valuation. Do you think people are stupid?
What about the lower/middle class that work hard, live check to check and aren't able to invest or put money into a retirement fund? Fuck those people right?
Thanks Obama.
how many american people has a share in the stocks though?
Lies
Pelosi was served Gin, Tonic and ice cubes during the state of the union speech....again.....sterling silver and everything.. Sad!
надо быть сдержанной а не рвать документы ну и что руку не пожал
Who is Donald J Trump? A poor man's idea of a rich man, a stupid man's idea of a smart man, and a weak man's idea of a strong man.
Dow 29000 Baby!
Because he doesn't work for most Americans. SO funny how many people back this guy I mean he must laugh himself to sleep every night. I know I would.
My 401k has done well, my home price is back up to pre Obama days.
Do you think the average American can afford stock? That's all Trump can go on.
Not the ones that work.
Anyone with a 401k or a pension
Every working person with a 401K. I can't believe the educated people at Reuters would not know this. I guess Reuters does not match contributions. Sorry for you
I have! First generation immigrant, raised by a totally broke single mom.
1,2,3 RICH PEOPLE! I mean I have mutual funds but nothing compared to Jeff and his company Amazon that increased 8 billion dollars over the weekend.
50% of The American People, Who invests into stock market
Corporations and the rich ! and trumps !
The market can reach from here to the sky. Yet if all the profits are concentrated at the very top what does it matter to those below who created the wealth since only the rarefied can celebrate?
Um...my fkn 401k
Not me - haven’t seen it.
Himself* -- AND his cronies, pals, GOP-spineless- sycophants + those he tries forever to impress. The upper 1%-2% of the US population. That's who.
Trump keeps saying he doesn't care about the stock market except when he uses it to enhance himself. I don't give a flying fig about the stock market.
401k account holders.
Our 401ks and other investments are performing great! The good years, and diversity, help weather the lean years! Everyone should have a retirement plan, even a few dollars a week can add up!
10%
Record federal deficits. Someone is making money, not us.
Directly? Anybody who has retirement plan, pension funds. And, anybody who’s employed by these companies traded on the market.
the stock market is irrelevant. 401k's are relevant only to people.
So what's the pact? Let the would-be tyrant become a dick tater as long as he keeps pumping up the markets? Is that the deal?
As soon as the stock market goes down executives will start cutting costs meaning layoffs to keep the stock up. So really in the end it’s workers because if the stocks fall the layoffs start. Taxes still have to be paid but salaries are optional.
Trump's economy has set back the working class by decades. Shameful lies in the SOTU is only obfuscation.
Anyone with half a brain knows that trump has absolutely nothing to do with the success of the stock market. The market is essentially self propelling, although there were times when trump’s tariffs gave it a hiccup.
Everyone who has a retirement plan. If you don’t expect poverty in old age.
Corporations, some stockholders!!!
I own stocks, I'm not wealthy. These days you don't have to be rich to own stock and if you choose not to that's only on you. BTW rich people probably vote too.
Romney2020 RomneyforPresident RomneyPatriot
Corporations,. politician insiders,..some shareholders
Everyone
'Everyone is benefiting from this economy, but are you REALLY benefiting?' This media, man. Trump is far from perfect and he is an arrogant ass, but most things really are doing well right now.
The Trump Crime Family and the Slobbering aiding and abetting GOP of course. And the people Trump owes favors and money to. Russia
The American people like myself! God bless 🇺🇸🇺🇸🇺🇸
I'll guess: Everyone with an IRA, Pension, ROTH, brokerage account, etc? Roughly 1/3 of American Households
OOOoweeeee that 401k is popping.
Congrats Rich people!
It's not bragging if you back it up...😎
Investment banks and hedge funds love the inflated stock market. It no longer represents the American economy since 46% is foreign investment.
Why is msm continually pandering to only half of the country, no fair and balanced coverage to be seen.
Stock market is a toy for the wealthy. Means nothing for economy. Economy actually sucks with nothing but low wage crap jobs
Why does America put itself through this humiliating circus?
AMEN! TrumpLandslideVictory2020
For good reason! Hope it stays up!
When are you guys going to start using the 'L' word when he LIES?