alt Hacker NewsWell in the U.S., a majority of households are invested in the stock market via 401(k)’s. When their investments do well, the average Joe will give the incumbent president the credit.
Replies
kubb • yesterday at 7:24 AM
I think that largely didn’t happen with Biden. But if it’s true then it makes divesting from US stocks a priority for countries targeted by the US administration.
Only if there’s a net increase in their well-being.
If their 401k is up, but so is cost of living and job prospects are down, most families are not invested enough to view that as a positive.