neurosisxeno
Member
Stock market helps the rich. It does very little for the poor fools working for a living.
Except that a lot of working/middle class American's invest in their 401k's and regularly borrow against their 401k's or close them out if they need money in a pinch. When the market crashes the poorest among us are the ones who tend to suffer the most--they are victims of reactionary layoffs from companies and although I haven't looked into it for concrete data, I would not be surprised if a majority of the jobs lost following a market crash are from the bottom half of earners.