Skip to content
Subscriber Only

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

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.