02-09-2018, 07:10 AM
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Proud Grandpa
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Join Date: Oct 2009
Location: Republic of Boulder, USA
Posts: 47,047
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Quote:
Originally Posted by Tony T
NYT: Don't worry:
Few Americans Own Stocks, So Few Are Affected by Slump
The riotous market swings that have whipped up frothy peaks of anxiety over the last week have virtually no impact on the income or wealth of most families. The reason: They own little or no stock.
“For the vast majority of Americans, fluctuations in the stock market have relatively little effect on their wealth, or well-being, for that matter,” said Edward N. Wolff, an economist at New York University
Fake News! (really, this can't be true) |
LOTSA 401ks and other pension plans are effected by this..
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