Is This Equitable?

Over the last 10 years, the S&P went from roughly 1,300 points to over 3,800 points, almost tripling. The Nasdaq index over the same period went from 2,800 to 13,000 points, more than quadrupling. Times were good for the 10% of Americans who own 80% of stocks and bonds. In contrast, those who depend on work income, across the same 10-year period, their real median weekly wage rose barely over 10%.

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