Morgan Stanley Research(@MgnStnlyIdeas):When stocks rise, who really benefits? A surging stock market doesn't lift all households equally. Chief US Economist Michael Gapen and Heather Berger from the US Economics team unpack who gains the most, and what the uneven wealth effect means for consumer spending and the US economic outlook.

Morgan Stanley Research

@MgnStnlyIdeas

Insights on industries, markets and economies from leading Morgan Stanley Research analysts, economists and strategists. Disclosures:

가입 November 2025

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Morgan Stanley Research@MgnStnlyIdeas

2026.10.08 18:00

When stocks rise, who really benefits? A surging stock market doesn't lift all households equally. Chief US Economist Michael Gapen and Heather Berger from the US Economics team unpack who gains the most, and what the uneven wealth effect means for consumer spending and the US economic outlook.