Pricing the S&P 500 in Hourly Pay Shows Fourfold Rise in Decade
- Rough calculation shows it would take 146 hours to buy the S&P
- Shows ‘how unequal the value of work is’ relative to investing
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For a view of just how expensive stocks are, consider a different type of valuation metric: How many hours would you have to work, at the average wage, to buy into the S&P 500 Index?
By one back-of-the envelope calculation, more than ever, and almost four times the amount it would have taken a decade ago.