Comments by "whyamimrpink78" (@whyamimrpink78) on "Stock Market Roars To Record High, But..." video.

  1. Kyle's point on wealth is deceptive.  The average homeowner has around 60% of their wealth tied into their home. A homeowner has 30 times more wealth than a renter.  Beyond owning a home the average person doesn't have much wealth.  There is always wealth disparity and isn't a bad thing at all.  There are people with negative wealth due to student loans.  But after completing a college degree you are typically better off to where you are able to pay off the loan and have a better life.   On income, it doesn't matter if the middle class have money if there is nothing to buy.  You have to produce goods and services in order to buy them.  The idea that wages have been stagnate is deceptive.  It doesn't factor in that people are able to afford better goods and services than they were in the past.  VCR's were around $2000 before, now people can buy blue-rays.  Smart phones are affordable and make people's lives easier.  You can't look at success of an economy on just strictly income.  Poor person now has more wealth than someone who was middle class in the 80s. I do agree that what happened in the stock market isn't necessarily good.  It has been going up for a while now.  That was thanks to our wonderful federal government that decided to pump $85 billion a month in the stock market.  The Obama administration decided that the idea to help our economy was to give money to the rich, sound familiar?
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  2. ***** Well my A I got when I took it says otherwise.  You seem to not realize how complex the economy is.  Or how about this, if you increase the supply of money without increase the supply of goods and services, you lower the value of money.   
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  3. The issue with wealth is that there will always be disparities, even more so because instead of pulling out a home loan people are pulling out college loans.  Beyond owning a home the average person doesn't have much wealth.  A person with no assets and only $5 in their pocket has more wealth than 25% of the country.  That is due to people who are in debt.  I have negative wealth but have a reliable car, my own 1 bedroom apartment and food.  Wealth doesn't tell the whole story of the economy and if you want to use it to see how the economy is doing you have to look at the creation of wealth not how it is spread out.
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