the staff of the Ridgewood blog
Washington DC, the Federal Reserve Board just released a study showing Trump policies have caused a surge of wealth. The net worth of all Americans rose to $128 TRILLION through September of this year. That’s up almost 30% in four years. And that was before the Doordash and Airb&b IPOs!
All races saw increases in their wealth holdings. This becomes a nest-egg legacy that parents hope to someday pass on to their kids – if Biden doesn’t tax it all away.
This wealth is held primarily in the rising valuations of our stock holdings, homes, farms, and properties. It reflects the rising profitability of great American companies from Google to Apple to FedEx to our 28 million small businesses.
I must say President Trump was on the news every single day, just amazing. I never seen a president on the news every single day. What’s the other new guy does, I give home a year and a half, and then the vice president will take over you will see.
I more than doubled my net worth during Trump’s presidency…. and I’m not even very good at investing..
Too bad he isn’t in for another 4 years.