George Noble: Workers can buy fewer S&P 500 shares for a year of labor than in 1971

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Ivan Andriyenko

28.06.2026

George Noble: Workers can buy fewer S&P 500 shares for a year of labor than in 1971 — S&P 500 share buying power drops

George Noble draws a comparison between 1971 and today, observing that a year of work in 1971 could buy 85 shares of the S&P 500, while the same effort now purchases only 11 shares.

He attributes the stark difference in purchasing power to long-term market and economic changes, referencing an ongoing discussion with Sam Kovacs and implying the role of gold as a measure of real-time value.

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Noble has previously alleged that NVIDIA recognizes internal chip purchases as revenue, warning of potential risks following accounting practices. He also recently shared Anatole Kaletsky's view that Wall Street is unprepared for upcoming market shifts. These remarks reflect Noble's ongoing scrutiny of industry fundamentals and market positioning.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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