By most objective measures, stocks are soaring of late, with the market on Thursday notching its best first quarter in five years. Who should be particularly stoked: America’s.
By most objective measures, stocks are soaring of late, with the market on Thursday notching its best first quarter in five years. Who should be particularly stoked: America’s richest 1%, a demographic that CNBC reports was able to claim a combined net worth of $44 trillion in Q4 of 2023, per stats from the Federal Reserve. The fourth quarter alone saw a $2 trillion jump, per Business Insider, which attributes the record overall figure to an end-of-year «monster» stock rally. All gains that this group enjoyed were from their stock holdings, as the rise in their real estate values and decline in value of their private businesses basically nullified each other.
