
A large % of Trump's base don't own lots of financial assets. I think schadenfreude amongst those who don't own stonks vs. those who do, is quite strong and hence Trump can go to the mat with these tariffs confident he is popular with those who matter to him. https://t.co/hmI0LhwgRb
62% of US adults own stocks. That’s a lot of unhappy constituents
Approximately 62% of American adults are invested (directly or indirectly) in the stock market. The idea that the stock market is not the economy might be something that gets a lot of likes on social media, but it is a silly take and akin to political seppuku.

Recent discussions surrounding President Trump's economic policies have highlighted the disparity in stock ownership among Americans. Approximately 61% to 62% of American adults hold stocks, either directly or indirectly, through retirement accounts like 401(k)s. However, a substantial portion of stock market wealth is concentrated among the wealthiest households, with reports indicating that 93% to 94% of all equity wealth is owned by the top 10% of Americans. Critics argue that this concentration means that stock market fluctuations primarily affect wealthier individuals, while the broader economic impacts are felt by all Americans. Notably, oil prices have recently dropped by nearly 15%, which may have more immediate effects on working Americans than stock market declines. Trump’s administration appears to be focusing on long-term economic strength over short-term stock market gains, emphasizing support for middle-class Americans through lower prices despite potential short-term turmoil in the markets. The ongoing debate underscores the complexities of economic policy and its varied impacts across different socioeconomic groups.