[layman51]

Well in the U.S., a majority of households are invested in the stock market via 401(k)’s. When their investments do well, the average Joe will give the incumbent president the credit.

[zmgsabst]

Only if there’s a net increase in their well-being.

If their 401k is up, but so is cost of living and job prospects are down, most families are not invested enough to view that as a positive.

[tonyedgecombe]

Some people prefer to believe the media they consume over their lived reality.

My parents fall into this trap, they keep telling me things have never been so bad yet they live materially better lives than their own parents and their children.

[kubb]

I think that largely didn’t happen with Biden. But if it’s true then it makes divesting from US stocks a priority for countries targeted by the US administration.