Wilshire@lemmy.world to News@lemmy.world · 6 months agoDow hits 40,000 for the first time as bull market accelerateswww.cbsnews.comexternal-linkmessage-square39fedilinkarrow-up1127arrow-down16
arrow-up1121arrow-down1external-linkDow hits 40,000 for the first time as bull market accelerateswww.cbsnews.comWilshire@lemmy.world to News@lemmy.world · 6 months agomessage-square39fedilink
minus-squareOneOrTheOtherDontAskMe@lemmy.worldlinkfedilinkarrow-up4arrow-down1·6 months agoI think the person was speaking to the fact that the median savings account of the average American (big average) is 84,000 https://www.federalreserve.gov/econres/scf/dataviz/scf/table/#series:Retirement_Accounts;demographic:agecl;population:all;units:median Or that the average person under 35 has less than 18,000 https://www.federalreserve.gov/econres/scf/dataviz/scf/table/#series:Retirement_Accounts;demographic:agecl;population:all;units:median The average American isn’t winning big with stock market gains. Crashing the stock market might wipe out my measly 15k, but I don’t own a house yet and I can’t touch that money for another 30+ years, so it can’t help me at all anyway.
I think the person was speaking to the fact that the median savings account of the average American (big average) is 84,000 https://www.federalreserve.gov/econres/scf/dataviz/scf/table/#series:Retirement_Accounts;demographic:agecl;population:all;units:median
Or that the average person under 35 has less than 18,000
https://www.federalreserve.gov/econres/scf/dataviz/scf/table/#series:Retirement_Accounts;demographic:agecl;population:all;units:median
The average American isn’t winning big with stock market gains. Crashing the stock market might wipe out my measly 15k, but I don’t own a house yet and I can’t touch that money for another 30+ years, so it can’t help me at all anyway.