AJ+: Why The Stock Market Is NOT The Economy

Prof Wolff joins a video for AJ+: Ever wonder how billionaires got so much richer during the pandemic while you and people you know struggled? Well, chalk it up to the stock market. Just 10% of Americans own 90% of stocks – so it's easy to see why the vast majority of people don't benefit from the market's gains when it performs well. So how exactly does the stock market work, who controls it and who wins out?

Watch the video here.

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Zalizko Marharyta commented 2026-09-30 17:53:40 -0400
The gap is mostly about ownership — markets track asset prices for the people who hold assets, while the economy tracks wages and employment for everyone else, and the two have been diverging for decades. That divergence is the story. I saw a similar point at https://vegas-herosuk.co.uk and it applied here.

AJ+: Why The Stock Market Is NOT The Economy

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