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Animal Spirits Podcast
Passive is Eating the Market (EP.347)
Feb 14, 2024
Topics include McDonald's price increase, prospects for another bear market, concentration in the S&P 500, Nvidia vs. China, tail risk strategies, consumer credit, commercial real estate, fixing youth sports, frustrations of youth sports tryouts, and thoughts on the Super Bowl and movies.
01:05:33
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Quick takeaways
- Young people's shift towards investing in equities and mutual funds rather than housing has significantly increased their wealth during the pandemic.
- Public perception of the US economy often does not align with the actual economic conditions of the country.
Deep dives
Younger adults experience significant wealth growth
Since the pandemic, individuals aged 39 and younger have seen their wealth increase by 80%, while those aged 40 to 54 experienced a 10% increase and those 55 and older saw a 30% increase. This significant growth in wealth for young people can be attributed to their shift towards investing in equities and mutual funds rather than housing. The increase in financial assets has contributed to their overall wealth growth, showcasing the positive impact of young people investing in the stock market.
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