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The wealth gap among Americans is widening. Want to save enough to buy one unit of the Dow Jones Industrial Average? Currently, the average work hours needed are 1,295 hours. Compare that to the market rallies in 2017 and 2020, which only required about 800 hours. Even more shocking, this number has increased more than four times since the 2008 financial crisis.
Why? It's simple. The Dow Jones Index has risen 629% since then, a solid bull market. But what about the average hourly wage of regular workers? It has only increased by 67%, now averaging $36.86. Do the math — the stock market has increased nearly ten times more than wages. What does this mean? Those with assets are making a fortune, while those without assets and relying solely on income from work are falling further behind.