TOP
Retired Teacher
The OP provided statistics...not real people... do you believe that I'm incorrect?
Under President Biden, the average net worth for all families increased by 23%
- Thread starter Joe Capitalist
- Start date
The OP provided statistics...not real people... do you believe that I'm incorrect?
TOP
Retired Teacher
Don't worry all those financially flourishing people will vote for Biden... if he runs...
ThatOwlWoman
Not Nice
She posted two links. Neither one says anything about her claim. I debunked both. I guess when you live monthly check to monthly check, in a crumbling hovel in a declining urban area, where all around you is decay, crack houses, tattoo joints, and payday loan shops, you think that's how the rest of the country is too. Fox tells her so!
ThatOwlWoman
Not Nice
Not everyone is living on a lunch lady's monthly pension and scrounging in dumpsters for dinner, my dear. Over the years you have complained and whined incessantly about people on "welfare" and food stamps. Why are you suddenly full of sympathy for them now? Your newly-discovered "conservative compassion" smells like last week's fish.
Joe Capitalist
Racism is a disease
You didn't provide real people either, sweetheart.
Of course you are incorrect.
All you care about is providing the 'perception' of Biden and the Dems always failing and the Republiclowns always winning.
Facts and truth mean nothing to you. That's why this post has your tampon all bent out of shape.
If you see a post that compliments Biden, you think of how you can discredit it, not whether it's true or not.
That, my dear, is what makes you a far right radical MAGA extremist.
Joe Capitalist
Racism is a disease
Not to say the radical leftists at Apple are blatantly lying - but....
{The average 401(k) balance fell 4% to $107,700 in the third quarter, due, in part, to volatile market conditions, according to a recent report by Fidelity, the nation’s largest provider of 401(k) plans. The financial services firm handles more than 35 million retirement accounts in total.
The average individual retirement account balance was also down nearly 4%, to $109,600 from $113,800, in the second quarter of 2023.}
https://www.cnbc.com/2023/11/28/401... turbulence, the total,in line with last year.
On top of that, consumers have LESS spending power today than they did the day Joe Biden took office.
{The average 401(k) balance fell 4% to $107,700 in the third quarter, due, in part, to volatile market conditions, according to a recent report by Fidelity, the nation’s largest provider of 401(k) plans. The financial services firm handles more than 35 million retirement accounts in total.
The average individual retirement account balance was also down nearly 4%, to $109,600 from $113,800, in the second quarter of 2023.}
https://www.cnbc.com/2023/11/28/401... turbulence, the total,in line with last year.
On top of that, consumers have LESS spending power today than they did the day Joe Biden took office.
Joe Capitalist
Racism is a disease
The S&P 500 could hit 6,000 soon, many financial analysts believe
https://finance.yahoo.com/news/barclays-believes-the-sp-500-could-hit-6000-soon--and-its-not-alone-190849325.html
The S&P 500 (^GSPC) took more than two years to gain its last 1,000 points. There's an increasing number of Wall Street strategists that believe this time, it could take less than a year.
As the S&P 500 recently surpassed 5,000 and continued to hit new records, strategists have raised their year-end targets. The latest is Barclays, which moved up its year-end price target to 5,300 from 4,800 as Big Tech earnings and the US economy continue to surprise consensus to the upside.
But perhaps most notably, the firm isn't ruling out a better outcome than 5,300 either. Barclays head of US equity strategy Venu Krishna noted that if Big Tech earnings continue to outperform projections, the firm's bull case of 6,050 for the S&P 500 is likely.
"On balance, we believe that risk/reward is tilted toward the bull case, as macro data suggest that the odds of an economic re-acceleration are beginning to outweigh the probability of even a mild recession, in our view," Krishna wrote in a note to clients on Tuesday.
Krishna added that continued Big Tech outperformance, combined with an earnings rebound in other sectors, is key.
"If Big Tech extends its beat- and-raise streak and we assume ex-Tech negative revisions have bottomed, we could see the S&P 500 going to 6050 on $252 [earnings per share]," Krishna wrote.
Both Capital Economics and Yardeni Research have recently floated similar scenarios. Yardeni Research president Ed Yardeni has a 5,400 target for the end of 2024 but sees the benchmark hitting 6,000 in 2025 and 6,500 in 2026.
To Yardeni, continued outperformance from the US economy, and an increase in productivity, will drive the upside in stocks.
"The big story is productivity is going to grow," Yardeni recently told Yahoo Finance. "Technology is going to enable that. It's not just AI. And in that scenario, I see the stock market continuing to go higher, even if AI turns out to be somewhat disappointing in terms of relative to expectations because the expectations are awfully high right now."
MAGA wets panties.
https://finance.yahoo.com/news/barclays-believes-the-sp-500-could-hit-6000-soon--and-its-not-alone-190849325.html
The S&P 500 (^GSPC) took more than two years to gain its last 1,000 points. There's an increasing number of Wall Street strategists that believe this time, it could take less than a year.
As the S&P 500 recently surpassed 5,000 and continued to hit new records, strategists have raised their year-end targets. The latest is Barclays, which moved up its year-end price target to 5,300 from 4,800 as Big Tech earnings and the US economy continue to surprise consensus to the upside.
But perhaps most notably, the firm isn't ruling out a better outcome than 5,300 either. Barclays head of US equity strategy Venu Krishna noted that if Big Tech earnings continue to outperform projections, the firm's bull case of 6,050 for the S&P 500 is likely.
"On balance, we believe that risk/reward is tilted toward the bull case, as macro data suggest that the odds of an economic re-acceleration are beginning to outweigh the probability of even a mild recession, in our view," Krishna wrote in a note to clients on Tuesday.
Krishna added that continued Big Tech outperformance, combined with an earnings rebound in other sectors, is key.
"If Big Tech extends its beat- and-raise streak and we assume ex-Tech negative revisions have bottomed, we could see the S&P 500 going to 6050 on $252 [earnings per share]," Krishna wrote.
Both Capital Economics and Yardeni Research have recently floated similar scenarios. Yardeni Research president Ed Yardeni has a 5,400 target for the end of 2024 but sees the benchmark hitting 6,000 in 2025 and 6,500 in 2026.
To Yardeni, continued outperformance from the US economy, and an increase in productivity, will drive the upside in stocks.
"The big story is productivity is going to grow," Yardeni recently told Yahoo Finance. "Technology is going to enable that. It's not just AI. And in that scenario, I see the stock market continuing to go higher, even if AI turns out to be somewhat disappointing in terms of relative to expectations because the expectations are awfully high right now."
MAGA wets panties.
Moronic malarky.
T. A. Gardner
Serial Thread Killer
Well, let's see:
Since Biden's been in office the aggregate inflation has been 17..8%. That means the real increase in median net wealth is 5.2%. That also means that roughly 50% of the US population, and likely more saw a decrease in their net wealth.
Some economic indicators:
Gasoline is up 35.4%
Food costs are up (depending on item) 23 to 37%
Home affordability is down 36.3% That is, a third of the population can't afford a house right now.
Savings are down 79.3%
Credit card debt is up 38.7%
Overall, for most Americans the Biden economy sucks big time. They're forced to live on credit cards with their savings gone and are unable to buy a house--generally the best and most common way to acquire wealth over time.
https://datavisualizations.heritage.org/markets-and-finance/the-biden-inflation-tracker/
https://budget.house.gov/press-release/families-crushed-as-bidens-total-inflation-breaks-17
Joe Capitalist
Racism is a disease
Since when do the Republiclowns care about the Little Guy?
https://finance.yahoo.com/news/barclays-believes-the-sp-500-could-hit-6000-soon--and-its-not-alone-190849325.html
The S&P 500 took more than two years to gain its last 1,000 points. There's an increasing number of Wall Street strategists that believe this time, it could take less than a year.
As the S&P 500 recently surpassed 5,000 and continued to hit new records, strategists have raised their year-end targets. The latest is Barclays, which moved up its year-end price target to 5,300 from 4,800 as Big Tech earnings and the US economy continue to surprise consensus to the upside.
But perhaps most notably, the firm isn't ruling out a better outcome than 5,300 either. Barclays head of US equity strategy Venu Krishna noted that if Big Tech earnings continue to outperform projections, the firm's bull case of 6,050 for the S&P 500 is likely.
"On balance, we believe that risk/reward is tilted toward the bull case, as macro data suggest that the odds of an economic re-acceleration are beginning to outweigh the probability of even a mild recession, in our view," Krishna wrote in a note to clients on Tuesday.
Krishna added that continued Big Tech outperformance, combined with an earnings rebound in other sectors, is key.
"If Big Tech extends its beat- and-raise streak and we assume ex-Tech negative revisions have bottomed, we could see the S&P 500 going to 6050 on $252 [earnings per share]," Krishna wrote.
Both Capital Economics and Yardeni Research have recently floated similar scenarios. Yardeni Research president Ed Yardeni has a 5,400 target for the end of 2024 but sees the benchmark hitting 6,000 in 2025 and 6,500 in 2026.
To Yardeni, continued outperformance from the US economy, and an increase in productivity, will drive the upside in stocks.
"The big story is productivity is going to grow," Yardeni recently told Yahoo Finance. "Technology is going to enable that. It's not just AI. And in that scenario, I see the stock market continuing to go higher, even if AI turns out to be somewhat disappointing in terms of relative to expectations because the expectations are awfully high right now."
Yardeni pointed out that this is happening in the American economy while other economies like China are lagging, making the US an attractive place for investment.
"It looks like the US is going to continue to be an outstanding market, literally outstanding [and] standing out from everybody else," Yardeni said. "And I think that's a big part of the story for me and why I think the market can continue to move higher."
Capital Economics chief market economist John Higgins predicts the S&P 500 can hit 6,500 by the end of 2025. This outlook is more dependent on the current AI-fueled bubble growing. For now, he maintains the bubble-like trade in the market can bring the benchmark average to 6,500 by the end of 2025.
"Our end-2025 forecast of 6,500 for the index is premised on its valuation reaching a similar level to its peak during the dot com mania," Higgins wrote. "The bubble in the S&P 500 that is forming now resembles the bubble that formed in the second half of the 1990s in many aspects, not least the way in which it is an attempt to capture the future benefits of a transformative technology."
"Nonetheless, its valuation remains far short of what it reached then suggesting that it has plenty more room to inflate."
gfm7175
Mega MAGA
It's sad that you're the only poster in this thread who managed to bring up inflation rates as a response. That's what I came in here to do after seeing the moronic OP.
I was blessed with a VERY nice pay increase last year, and I will be getting some sort of pay increase again very soon, but that VERY nice pay increase STILL wasn't enough to keep up with Joe Biden's inflation.
Last edited:
T. A. Gardner
Serial Thread Killer
Since when do the Republiclowns care about the Little Guy?
https://finance.yahoo.com/news/barclays-believes-the-sp-500-could-hit-6000-soon--and-its-not-alone-190849325.html
The S&P 500 took more than two years to gain its last 1,000 points. There's an increasing number of Wall Street strategists that believe this time, it could take less than a year.
As the S&P 500 recently surpassed 5,000 and continued to hit new records, strategists have raised their year-end targets. The latest is Barclays, which moved up its year-end price target to 5,300 from 4,800 as Big Tech earnings and the US economy continue to surprise consensus to the upside.
But perhaps most notably, the firm isn't ruling out a better outcome than 5,300 either. Barclays head of US equity strategy Venu Krishna noted that if Big Tech earnings continue to outperform projections, the firm's bull case of 6,050 for the S&P 500 is likely.
"On balance, we believe that risk/reward is tilted toward the bull case, as macro data suggest that the odds of an economic re-acceleration are beginning to outweigh the probability of even a mild recession, in our view," Krishna wrote in a note to clients on Tuesday.
Krishna added that continued Big Tech outperformance, combined with an earnings rebound in other sectors, is key.
"If Big Tech extends its beat- and-raise streak and we assume ex-Tech negative revisions have bottomed, we could see the S&P 500 going to 6050 on $252 [earnings per share]," Krishna wrote.
Both Capital Economics and Yardeni Research have recently floated similar scenarios. Yardeni Research president Ed Yardeni has a 5,400 target for the end of 2024 but sees the benchmark hitting 6,000 in 2025 and 6,500 in 2026.
To Yardeni, continued outperformance from the US economy, and an increase in productivity, will drive the upside in stocks.
"The big story is productivity is going to grow," Yardeni recently told Yahoo Finance. "Technology is going to enable that. It's not just AI. And in that scenario, I see the stock market continuing to go higher, even if AI turns out to be somewhat disappointing in terms of relative to expectations because the expectations are awfully high right now."
Yardeni pointed out that this is happening in the American economy while other economies like China are lagging, making the US an attractive place for investment.
"It looks like the US is going to continue to be an outstanding market, literally outstanding [and] standing out from everybody else," Yardeni said. "And I think that's a big part of the story for me and why I think the market can continue to move higher."
Capital Economics chief market economist John Higgins predicts the S&P 500 can hit 6,500 by the end of 2025. This outlook is more dependent on the current AI-fueled bubble growing. For now, he maintains the bubble-like trade in the market can bring the benchmark average to 6,500 by the end of 2025.
"Our end-2025 forecast of 6,500 for the index is premised on its valuation reaching a similar level to its peak during the dot com mania," Higgins wrote. "The bubble in the S&P 500 that is forming now resembles the bubble that formed in the second half of the 1990s in many aspects, not least the way in which it is an attempt to capture the future benefits of a transformative technology."
"Nonetheless, its valuation remains far short of what it reached then suggesting that it has plenty more room to inflate."
This is hilarious! You bring up that "Republicans don't care about the little guy" then proceed to list a bunch of massive increases in value of things that only the wealthy and rich can invest in as proof. You really are a moron...
Guno צְבִי
We fight, We win, Am Yisrael Chai
BartenderElite
Verified User
If Trump had the economy, it would be the greatest in American history.
And pretty much every conservative on here trying to talk down this kind of news would be crowing about how great things are.
This is factual information that I have just provided.
And pretty much every conservative on here trying to talk down this kind of news would be crowing about how great things are.
This is factual information that I have just provided.
Joe Capitalist
Racism is a disease
Yes, they are. The S&P 500 gained 25% last year and it's on track to do better this year.
401(k) millionaire ranks grew 11.5% in 2023. They are 'poster children for staying the course,’ expert says.
Retirement 401(k) account balances bounced back in 2023 to the highest level in nearly two years, according to Fidelity's recent report.
Despite persistent inflation, more than one-third of workers increased their retirement savings contribution rate.
The number of 401(k) millionaires also rose more than 10%.
In a year that defied most economists' expectations, retirement savers reaped the benefits.
Retirement account balances, which took a sharp nosedive in 2022 due to market volatility, have now started to bounce back, according to the latest data from Fidelity Investments, the nation's largest provider of 401(k) savings plans. The financial services firm handles more than 45 million retirement accounts total.
The average 401(k) balance ended 2023 up 14% from a year earlier to $118,600, Fidelity found.
The average individual retirement account balance also gained 12% year over year to $116,600 in the fourth quarter of 2023.
Joe Capitalist
Racism is a disease
What the hell are you talking about? You don't have to be wealthy and rich to invest in the stock market. More than half of Americans are invested in the market. The S&P gained 25% last year. That means more than half of Americans increased their net worth.
You really are a moron...
Joe Capitalist
Racism is a disease
Top economists think you're full of shit, sister.
A new outlook from the National Association of Business Economists predicts stronger economic growth, lower inflation, and rate cuts in time for summer.
https://apple.news/AR8iLKQboTt6PaE0KkALlqw
Consumers aren't the only ones feeling more upbeat lately. Economists are also getting a lot more optimistic.*
More than three-quarters of economists now expect the U.S. economy is heading for a soft landing this year, according to a new survey from the National Association of Business Economists that was released on Monday. The February outlook, which compiled the macroeconomic forecasts of 41 economists between February 5 and 13 also found a positive consensus around growth and inflation. The economists surveyed increased their forecasts for GDP in 2024 and predicted that inflation would continue to decelerate, hitting the Federal Reserve's two percent target next year.
"Panelists sharply revised upwards their projections for U.S. economic growth in 2024," said NABE President Ellen Zentner, who also serves as the chief U.S. economist at Morgan Stanley, in a statement with the release. "The stronger February growth forecasts for 2024 result from upward revisions to key sectors of the economy, including personal consumption expenditures, nonresidential fixed investment, residential investment, and government consumption expenditures and gross investment."
The median forecast for real GDP, which is adjusted for inflation, called for an annual average of 2.2 percent growth this year, up from the median forecast of 1.3 percent measured in the December survey. The economists also upwardly revised their predictions for job growth over the course of the year, and said they expect wages will rise at a faster pace than previously anticipated. Respondents predict the job market will remain tight with the median forecast calling for an average annual unemployment rate of 3.9 percent in 2024, down from the 4.2 percent projected in the December survey.**
Why can't you be happy and celebrate the positive economic news like normal Americans? Your chronic pessimism is alarming.