From: -hh <recscuba_google@huntzinger.com>
Newsgroups: alt.fan.rush-limbaugh,can.politics,alt.politics.trump,alt.politics.liberalism,alt.politics.democrats,alt.politics.usa.republican
Subject: Re: Biden RARELY Spent Weekends At The White House - How Much Do You
Date: Sat, 12 Apr 2025 14:36:05 -0400
Organization: A noiseless patient Spider
On 4/12/25 14:20, AlleyCat wrote:
>
>
> What, EXACTLY, happened to the ECONOMY when the Dow when down?
>
> NOTHING.
>
> ...
> Repeat after me: "The stock market is not the economy."
Unfortunately, that's not as true anymore.
Reason is that only 8% of American workers have access to an employer
provided pension.
That means that the vast majority (~90%) have to save on their own and
invest those savings appropriately. Some employers help with offering
tax advantaged accounts like 401(k)s, and some even include an employer
match ... but the money being saved is still individualized and the
likely funds are Mutuals/ETFs which are investments made in the Stock
Market.
As such, *many* more workers today have their retirement security tied
much more directly to the Stock Market.
Thus, when the Market crashes, these retirees have less money to spend,
which affects 'Main Street'. Likewise, if they're not retired yet, they
now realize that they have to keep on working longer rather than
retiring. This affects the ability to take vacations/etc which again is
directly tied to the economy. Similarly, they continue to occupy their
likely more senior job position, which limits opportunities for younger
employees to advance & be promoted which affects their income levels on
Main Street once again.
-hh