It is an unsustainable math problem
The Average American household has $11k in savings/cds
Median checking account balance of $3k
Carrying $137k in debt
Most people live paycheck to paycheck
While we are capitalists this is truly unsustainable.
It the market continues to exist the way it has been it will go up similar to previous recessions hit by the corona virus. If that is the case you could see the market go up to 30,000 in a year or two.
However, This is not ‘08 or ‘87
People were kept more misinformed back then.
There were fewer mediums and channels of news dissemination back then.
People also Carried much less debt than they currently do.
The $1.5 trillion student loan debt is a national crisis.
One person could support a family going back decades, now both parents basically have to work to get by.
Times have changed.
The market May go up to 30k by next year.
Or it May collapse.
“The system” will probably have to reset at some point.