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Everything Else => Current Events => Topic started by: inoffensiveusername1 on March 07, 2019, 10:16:20 PM

Title: 45% of Americans blame Wall Street for making American Dream harder
Post by: inoffensiveusername1 on March 07, 2019, 10:16:20 PM
As reported by Bloomberg, a recent RealClear Opinion Research survey found that 45% of Americans blame Wall Street for making American Dream harder to achieve. 26% blamed "the free market." Would be interested to know Sam's take on this as a former employee of "Wall Street."

https://www.realclearpolitics.com/docs/190305_RCOR_Topline_V2.pdf
Title: Re: 45% of Americans blame Wall Street for making American Dream harder
Post by: Sam on March 09, 2019, 09:58:43 AM
I’d love to know the reasons why wall street street had Main Street life harder.  What specifically?
Title: Re: 45% of Americans blame Wall Street for making American Dream harder
Post by: david123 on March 13, 2019, 02:44:33 PM
I hear this all the time also.  I think it is just jealousy or mis-information.  It's not like there is less money available for others....
Title: Re: 45% of Americans blame Wall Street for making American Dream harder
Post by: whitetail on March 14, 2019, 07:47:18 PM
Maybe just the general plot and conclusions in the movie The Big Short?

Jealousy is certainly on the list.
Title: Re: 45% of Americans blame Wall Street for making American Dream harder
Post by: hoping2retire35 on September 17, 2019, 10:39:12 AM
People probably do not know how to articulate it but I would guess they are alluding to inflationary pressures, makes it more difficult to stay put (not having to change jobs), also means you can't just save money in a mattress etc. Most people don't realize index funds are easy and keep one's finances ahead of the rest of the gamblers.
OTOH, it does make buying a house much easier, which interestingly most people think they are payingmore for instead of gradually paying less.