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Indices Mislead on Wealth Distribution
Stock market indices like NASDAQ and NYSE create an illusion of overall prosperity by representing the success of a small wealthy segment. Around 1-10% of the population owns the bulk of these stocks, while the majority struggles financially. Millennials face challenges in wealth accumulation, with notifications reinforcing feelings of inadequacy. Instead of highlighting market highs, focus should be on real issues like opioid deaths and self-harm rates.
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