Marijo Beckman greeted Black Friday shoppers at a Boynton Beach,Fla. Walmart store.
Credit: AP/J Pat Carter
Published in partnership with Shadowproof.
The famous United States stock index known as the Dow Jones Industrial Average (or simply the Dow) flirted with approaching a historic high of 20,000. The index, which shows how the largest 30 companies publicly traded in the U.S. are performing, is considered a key indicator of how well U.S. business is doing.
On September 29th, 2008, the Dow crashed a historic 777.68 points in intra-day trading and would go on to reach its bottom of 6,594.44 on March 5, 2009.
The recovery of the Dow and the stock market has been great for the top one percent of Americans, who roughly own 36 percent of all private wealth. And, although roughly 35 percent of the general U.S. population owns securities through a retirement fund, their individual ownership share is minuscule to the point of irrelevance.
So, the rich have genuinely and thoroughly recovered from the crash of 2008. But what about everyone else?
