Collin Rugg(@CollinRugg):Treasury Secretary Scott Bessent says the U.S. was headed towards a “financial calamity,” says the Trump admin is trying to help Americans getting demolished by debt. Ignore the noise. Listen to this. “I'm not happy with what's going on in the market today, but the distribution of equities across households…” “The top 10% of Americans own 88% of equities.” “The next 40% owns 12% of the stock market.” “The bottom 50% has debt. They have credit card bills, they rent their homes, they have auto loans.” “We've got to give them some relief.”

2025.04.05 14:43

Treasury Secretary Scott Bessent says the U.S. was headed towards a “financial calamity,” says the Trump admin is trying to help Americans getting demolished by debt. Ignore the noise. Listen to this. “I'm not happy with what's going on in the market today, but the distribution of equities across households…” “The top 10% of Americans own 88% of equities.” “The next 40% owns 12% of the stock market.” “The bottom 50% has debt. They have credit card bills, they rent their homes, they have auto loans.” “We've got to give them some relief.”