Chart of the day: Hours of work needed to buy the S&P500
By Global Macro Monitor
Here is an interesting take on the valuation of the S&P500 by our friends over at The Chart Store, who do excellent work. Their chart shows that it now takes 69.23 hours at the average hourly wage of $19.53 to buy the S&P500.
Another take is the S&P500 has outpaced average wages, which partly explains the growing wealth inequality as the average worker making the average wage holds a smaller proportion of their wealth in stocks. More ammo for the OWS crowd.