Widening wealth gap driving socialism wave as stock market disconnect fuels political radicalization

What was said

"People are turning to socialism because they think, well, shit, if the stock market is huge and everybody tells me the stock market is representing the economy, I look around, it's terrible for me, it's terrible for my friends, we all struggle, we can't make ends meet, our incomes are nowhere near enough. You know, the median age for a new home buyer in the US is 40. I gotta wait till I'm 40 before I can afford a home. I can't buy a new car, but the stock market's booming, this economy is a booming economy, and it sucks for me and sucks for everybody I know."

Snider warns that the massive disconnect between stock market performance and lived economic reality is accelerating political radicalization and socialist movements globally. He notes that upper economic tiers have expanded wealth since 2008 while bottom tiers stagnate, with the median age for US home buyers now 40. Snider frames this as a race between economic cycle recovery and political system breakdown, warning that 20 years into economic downswing since 2007 is diminishing people's inhibitions against extreme political positions.