Getty Images and AARP present the Disrupt Aging Collection, a searchable photo collection that redefines what it means to get older. Take a look.

Reply
Valued Social Butterfly
0
Kudos
75
Views

Re: American Capitalists 2018 Largest Net Worth Decline

75 Views
Message 1 of 6

@Olderscout66 wrote:

Some select indicies of the market are way UP, but the value of the stocks held by the general population are way DOWN.

 

Does this tell you anything about the viability of using Wall Street to take care of your retirement?


There were indications that some were getting gas pains over the year end drop. It is now way up - so, not to worry. 

 

As to retirement - you have a point if you look at it day to day - what is your alternative for retirement funding?

Report Inappropriate Content
0
Kudos
75
Views
Valued Social Butterfly
0
Kudos
80
Views

Re: American Capitalists 2018 Largest Net Worth Decline

80 Views
Message 2 of 6

Some select indicies of the market are way UP, but the value of the stocks held by the general population are way DOWN.

 

Does this tell you anything about the viability of using Wall Street to take care of your retirement?

Report Inappropriate Content
0
Kudos
80
Views
Valued Social Butterfly
0
Kudos
87
Views

Re: American Capitalists 2018 Largest Net Worth Decline

87 Views
Message 3 of 6

The dire warnings of this topic are based on a 3.4% drop in the market. It has gone up 9% YTD. So, did you not notice that when posting all this gloom and doom?

Report Inappropriate Content
0
Kudos
87
Views
Valued Social Butterfly
0
Kudos
106
Views

Re: American Capitalists 2018 Largest Net Worth Decline

106 Views
Message 4 of 6

Okay, employment UP, Corporate profits WAY UP, Realestate values UP...and as a result We the People saw $3.7TRILLION in our net worth evaporate because stock prices FELL???

 

If anyone needed further proof the Stock Market has NOTHING to do with the actual health of the economy, this should make their cup overfloweth.

 

Isn't it about time we stopped predending the Stock Market was how Companies financed GROWTH and admit its a computer-based game of chance and gains should be treated the same way we treat lottery winnings - as regular income?

Report Inappropriate Content
0
Kudos
106
Views
Valued Social Butterfly
0
Kudos
111
Views

Re: American Capitalists 2018 Largest Net Worth Decline

111 Views
Message 5 of 6

https://tradingeconomics.com/united-states/housing-starts

 

United States Housing Starts

 

Housing starts in the United States slumped 11.2 percent from a month earlier to an annualized rate of 1,078 thousand in December of 2018, compared to market forecasts of a 0.5 percent drop. It is the lowest reading since September of 2016. Considering full 2018, housing starts rose a non-seasonally adjusted 3.6 percent to 1246.6 thousand. Housing Starts in the United States averaged 1431.68 Thousand units from 1959 until 2018, reaching an all time high of 2494 Thousand units in January of 1972 and a record low of 478 Thousand units in April of 2009.

 

United States Housing Starts

 

Forecast 1/2 percent drop, actual 11 1/2 percent drop.

 

 Tax refunds much less then usual, people were scammed on withholding, tricked into spending when the couldn't afford it, debt rising, housing down, net worth down.

 

Rates rising, quantitative easing ending.

 

It all translates into less buying power, tighter credit, less money into the economy.

 

We'll see if it's a trend, might be a bumpy ride, and jobs still haven't recovered from the 2008 Bush crash.

Report Inappropriate Content
0
Kudos
111
Views
Treasured Social Butterfly
2
Kudos
146
Views
5
Replies

American Capitalists 2018 Largest Net Worth Decline

146 Views
Message 6 of 6

Americans just saw their biggest decline in net worth since the financial crisis

 

Americans' net worth fell at the highest level in the fourth quarter of 2018 since GOP President Bush's 2007-08 Financial Crisis as sliding stock market prices ate into the household balance sheet.

 

Net worth dropped to $104.3 trillion as the year came to an end, a slide of $3.73 trillion, according to figures released Thursday by the Federal Reserve. The decline amounted to a drop of 3.4 percent.

 

Net worth dropped to $104.3 trillion as the year came to an end, a slide of $3.73 trillion, according to figures released Thursday by the Federal Reserve.

 

The decline amounted to a drop of 3.4 percent.

 

Source - https://www.nbcnews.com/business/economy/americans-just-saw-their-biggest-decline-net-worth-financia...

 

 

( " China if You're Listening - Get Trumps Tax Returns " )

" )
" - Anonymous

Report Inappropriate Content
2
Kudos
146
Views
5
Replies
cancel
Showing results for 
Search instead for 
Did you mean: 
Users
Announcements

Are you new to the online community? Say Hi and tell us a bit about yourself, your interests, and how we can help make this community a great experience for you!


close-up group of seniors smiling at camera

Top Authors