OK, since Eduardo's no longer here, I'll play his role. Hell, somebody has to do it.
The reality of life in America's post-modern economy is that if you're heavily invested in equities, you're doing very well. However, if you don't have the resources to be heavily invested in equities, you're left getting by as well as you can...which may not be all that well.
You're likely not buying houses...not starting families...may be still living with your parents well into your 20s...may be holding down two jobs to get by...etc. I mean, there's a reason that polling shows 75% of the population thinks the country is on the wrong track.
I'm ballparking that maybe 20% (or less) of the population is thriving in what has become a system increasingly divided between haves and have-nots. For example, fed data last year showed that 10% of the population owned 93% of all stocks. It's to the point where a majority of the citizenry need no longer apply for membership in what was once quaintly called "The American Dream."
With the federal debt approaching $40 trillion, now almost $1 trillion of that being service on the debt, I don't think this situation is sustainable in the long-term or healthy in the short-term. In fact, we're one crisis away, whether it be domestic or international or a combination of the two, from a massive correction that may shake the system to its core.
