People walk past the New York Stock Exchange in the Manhattan borough of New York, September 21, 2015.

The stock market, praised by Trump as a sign of economic health, does not benefit everyone

52%

Only about half of US families are benefitting from the stock market’s dramatic climb. And more than half of those assets belong to wealthiest families.

Published   |  Photo by Reuters/Carlo Allegri
People walk past the New York Stock Exchange in the Manhattan borough of New York, September 21, 2015.
52%

Last week US president Donald Trump touted the stock market as a measurement of the country’s economic health.

People walk past the New York Stock Exchange in the Manhattan borough of New York, September 21, 2015.
52%

But Trump could use a reminder that, as economists are fond of saying, “the stock market is not the economy.”

People walk past the New York Stock Exchange in the Manhattan borough of New York, September 21, 2015.
52%

While the S&P 500 index performed well between 2010 and 2017, growing about 160%, the GDP per capita grew by a measly 10%.

People walk past the New York Stock Exchange in the Manhattan borough of New York, September 21, 2015.
52%

Growth of the US stock market versus GDP per capita

Published

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