One reason must surely be that the Fed has forced interest rates on bonds and cash down below zero after inflation. Savers are getting punished.
“Savers are getting punished”
It’s been that way since the 2008 crash. I know of a few restaurants that catered to an older crowd that shut their doors after 40 -50 years because here clientele got killed with their fixed income investment vehicles. Interest rates dried up so did there discretionary income.
Yep, part of the reason for dropping rates to zero (twice) is to force $$$ into the stock market...no where else to go with MM savings accounts near zero and bonds paying low rates. The $5.5 trillion in “stimulus”/QE 1,2,3,4... by The Fed has to go somewhere and most of it flows into stocks.