Most Americans don’t look at their 401k on a daily basis (unless it’s going up). I was a high net-worth broker for Fidelity Investments. I’ve seen some huge accounts and I’ve also seen some whacky behavior when it comes to planning and trading.
When markets move like they have been, there are investor sentiment repercussions. Fortunately for Wall St, the Fed, and markets they’ve been able to create bull markets without “Main Street American” investing”.
How? They sold out the working class for the investor class years ago. I really care about this country and the people living it. The stats are scary and the wealth gap continues to expand.
It’s those type of statistics that give socialism and people like Bernie Sanders and Elizabeth Warren a voice. It has never worked throughout human history, it has only lead to poverty and death and destitution.
Why are people on both sides of the aisle so upset? There are plenty of reason and I’ll leave out healthcare
Real wage growth flat for 40 years
Insanely expensive, poor healthcare options with high deductible plans
Student loan debt is through the roof due to inflated college expensive
Inflated housing costs
Job opportunities that simply don’t pay the bills
We are all humans, first and foremost. We should inherently care about everyone around us. That being said. It’s a lot easier in theory than it is in practice to solve global economic and humanitarian issues.
People are going to procreate and have kids whether they have a good job or not. If under-educated, working-age males in the US are unable to support themselves and their families, taxpayers are on the hook.
Black and Hispanic Workers Median Wages have actually declined when adjusted for inflation. This is primarily due to the influx of unskilled labor we’ve allowed to come in and undercut our current labor. Displacing fathers and replacing them with foreign nationals has had a profound impact on the US over the past 25 years.
Global Economic Disruption Causes Illegal Immigration
When scientist, economist, and journalist get emotional about a cause or a standpoint you have to start asking questions. What is their motive? The people telling you to love everyone secretly want you destroyed. Read more: The Economic Logic of Illegal Immigration | CFR
It’s true, the elite don’t care about the middle or working class. If you want to see what a liberal elite society looks like, just look to San Francisco CA (Even Google knows it’s a problem).
Extreme housing increases have helped the rich get richer and have put everyone else on the streets or out of the city. Their humanitarian solutions are total failures.
Why we sit by as a nation and allow our rich to get richer without insulating our country from the destruction caused by multi-national, for-profit, publicly-traded companies.
Don’t get me wrong, I’m about as fiscally conservative as it comes but I feel we need a change from corporate leadership and government.
I fight hard every single day to help save people $50-500/m on car insurance. For me, personally, selling insurance was a far more personally rewarding venture than placing people into the vice of Wall St volatility.