re: The DowJones Industrial Average AND the S&P500 Index both closed at record highs today

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That is the exception to the rule in the population though - most people are worse off now than they were 4 years ago.

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Do you have any facts to back that up? Or just feelings? Median REAL net worth is up quite a bit over the past few years, so probably the vast majority of americans are at lease somewhat better off, with roughly half of all americans being much better off.

I don't know a single person who is out of a job or is underemployed to any significant degree. Wages, much to the chagrin of a lot of posters here, skyrocketed in 2020, 2021 and into 2022. If you aren't making a significant amount more in 2024 than you were at the beginning of 2020, then that is a personal problem stemming from a lack of skills, effort or initiative.