President Donald Trump has renewed his argument that the recent surge in US equity markets is delivering broad-based economic prosperity, claiming that "everybody is profiting" from the rally.
The remarks come as the administration continues to frame rising asset prices as evidence of a healthy economy, despite data suggesting the benefits are heavily skewed toward the wealthiest Americans.
For these households, the bull market has not translated into tangible wealth creation, reinforcing concerns that the gains are concentrated among the top 1% of earners.
According to CNBC, the president's own financial disclosures reveal significant personal gains from the market's upward trajectory, with holdings in major technology firms such as Apple, Microsoft, and Nvidia, as well as crypto-related income, netting him millions.
Trump pointed to these personal returns as indicative of a broader trend, suggesting that the market's performance reflects widespread economic health.
However, this narrative stands in stark contrast to household data indicating that a large share of US families have no direct exposure to equities.
For these households, the bull market has not translated into tangible wealth creation, reinforcing concerns that the gains are concentrated among the top 1% of earners.