News flops Maharishi in the World Today

How We Present
the News







  
For most Americans, Dow 20,000 carries little benefit
by Christopher S. Rugaber, AP Economics Writer

The Associated Press    Translate This Article
26 January 2017

On 26 January 2017 The Associated Press reported: While Wall Street celebrates yet another stock market record -- surpassing 20,000 on the Dow Jones industrial average -- many Americans have little reason to cheer. Research by Edward Wolff, an economist at New York University, found that the wealthiest 10 percent of households owned 81.4 percent of stock market wealth as of 2013, the most recent year for which figures are available. The middle 60 percent of U.S. households owned just 7.7 percent. Those figures include stocks held in individual retirement plans and 401(k)s as well as in mutual funds. The giant mutual fund company Vanguard says its typical retirement account balance in 2015 was $26,405. Global Good News service views this news as the failure of modern business systems. Such 'flops' highlight the need for more intelligent, evolutionary, Natural Law based, life-supporting systems.

A rising stock market does provide benefits to the broader economy. . . .

Just under half of American households own stock, either directly or through retirement accounts, according to Federal Reserve data. Most of those portfolios are relatively small. Only one-quarter of the poorer half of American households own stock. The average holding for those people is $54,000. The giant mutual fund company Vanguard says its typical retirement account balance in 2015 was $26,405.

To read the entire article click here

Global Good News comment:

Maharishi's Vedic Approach can solve the problems reflected in the above article and in all areas of life: agriculture, business, culture, education, government, and world peace. For more information please visit:
http://maharishi-programmes.globalgoodnews.com/

Every day Global Good News documents the rise of a better quality of life dawning in the world and highlights the need for introducing Natural Law based—Total Knowledge based—programmes to bring the support of Nature to every individual, raise the quality of life of every society, and create a lasting state of world peace.



Translation software is not perfect; however if you would like to try it, you can translate this page using:

(Google)
(Altavista babelfish)
business news business-more

World News | Genetic Engineering | Education | Business | Health News

Search | Global News | Agriculture and Environmental News | Business News
Culture News | Education News | Government News | Health News
Science and Technology News | World Peace | Maharishi Programmes
Press Conferences | Transcendental Meditation Celebration Calendars | Gifts
News by Country | News in Pictures | What's New | Modem/High Speed | RSS/XML