The U.S. stock market has spent much of 2013 blowing past its all-time highs, which is great for… about half of Americans.
The fact is, this bull market has been lucrative for Wall Street, but with wage and employment figures still lagging behind, Main Street has yet to catch up on the good times.
The gap between the two has only further entrenched inequality, with almost 75% of American wealth owned by the top 10%.
Take a look at this chart from Bank of America’s Michael Hartnett overlaying the labour force participation rate with stocks and bond returns.
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