MarketWatch
US · 14 mins ago
✦ 72◉ Centre
Here’s the downside to record-setting stock markets across the globe that are generating a wealth boom
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Quality 72/100
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◉ Centre ✓ Fair headline
Record global stock markets are creating wealth for some Americans, but rising consumption from these gains is fueling inflation while lower-income consumers are excluded from the benefits, according to Bank of America analysis.
Here’s the downside to record-setting stock markets across the globe that are generating a wealth boom
While some Americans are enjoying the fruits of the stock market bonanza, their consumption is stirring inflation and lower-income consumers are missing out altogether, says Bank of America.
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