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The trouble with an “ownership society,” from a consumer’s point of view, is that you may end up owning assets the market doesn’t value very highly — or, at least, not as highly as it did when you bought the stuff. Thus, where worries about the stock market used to be strictly an upscale pastime, they’ve been distributed in a far more egalitarian fashion in recent times.
We find this reflected in the results of an ABC News/Washington Post survey conducted late last week and early this week.
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