Could be stock price increases post-Covid crash which is reflected in net worths.
The Biden Presidency
- Thread starter Raoul
- Start date
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Sweet Square
ˈkämyənəst
I remember when Biden was called the modern FDR.That trend sure came out of nowhere, didn’t it?
But also Pogue your going to have to find someone else to annoy on your free Tuesday morning.
Pogue Mahone
Clarkson
I remember when Biden was called the modern FDR.
But also Pogue your going to have to find someone else to annoy on your free Tuesday morning.
Well according to the graph you shared he managed to make everyone in America better off, despite a global pandemic. So there’s that.
Pogue Mahone
Clarkson
Could be stock price increases post-Covid crash which is reflected in net worths.
Maybe. Although how many stocks would be held by the bottom 50% of US households?
Rado_N
Yaaas Broncos!
It’s just a really odd graph to use to dunk on Biden. Apart from the whole continuation of a long established trend thing it looks as though his presidency coincided with the biggest increase in wealth for the bottom 50% that there’s been in decades. If you had to sum up the “Biden effect” based on that graph it’s a dramatic increase in household wealth for all Americans while he was in charge.
This was my thought, the whole wealth divide is extremely well established and systemic at this point; it’s not something you can point to as being caused by him, but the sliver at the bottom looks to have had a significant bump up which is the actual anomaly.
Red in STL
Turnover not takeover
More than you'd think, a large number have 401Ks and, in my case at least, I have the ability to set the risk factor in how it's invested, lots of people also dabble in small amounts, online trading is really easy in the US and you'd be surprised hw man,y do itMaybe. Although how many stocks would be held by the bottom 50% of US households?
VorZakone
What would Kenny G do?
- Joined
- May 9, 2013
- Messages
- 37,710
https://www.theguardian.com/books/2025/feb/26/joe-biden-health-2024-electionA new book announced on Wednesday aims to tell a behind-the-scenes story about Joe Biden’s bid for a second term, promising to reveal a top-level cover-up about his decline in health, its publisher said.
Share: