Allison Schrager: "Americans own more stock than ever—how will it change the economy?"
Allison Schrager has a penned a new piece for Quartz.
❝ The stock market is not the economy. Or so economists used to think. After all, few Americans owned stock and prices reflected expectations about future earnings—expectations that weren’t always accurate or that were clouded by short-term emotions. But the stock market today may reflect the economy more than it did 20 years ago.
More Americans than ever are invested in the stock market. Just 30 years ago only about 30% of Americans owned any form of stock—now more than 50% do … [QZ.com]
| ALLISON SCHRAGER is an award-winning journalist at Quartz & author of An Economist Walks into a Brothel.. Watch her discuss "Taking Risks in a Changing Economy" below, and learn more about booking Allison for your next event today. |
