A strong dollar doesn't necessarily benefit the rich because the rich have very mobile assets, and it's likely diversified/spread over many regions like Britain, Russia, China, etc. Additionally, most of their assets are in equities whose values depend heavily on whether they're on the importer or exporter side of things. So unless the "rich" you're talking about hold exclusively cash or in export-oriented businesses in the US, no, the rich don't necessarily benefit from a strong dollar.
But a strong dollar for sure benefits consumers (in their consumer roles) because they have access to cheaper goods. It also benefits businesses that import more goods from abroad than they export--so Walmart, for instance.
"Consumer" means all of us in the US. A strong dollar is good for my pockets.
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A strong dollar doesn't necessarily benefit the rich because the rich have very mobile assets, and it's likely diversified/spread over many regions like Britain, Russia, China, etc. Additionally, most of their assets are in equities whose values depend heavily on whether they're on the importer or exporter side of things. So unless the "rich" you're talking about hold exclusively cash or in export-oriented businesses in the US, no, the rich don't necessarily benefit from a strong dollar.
But a strong dollar for sure benefits consumers (in their consumer roles) because they have access to cheaper goods. It also benefits businesses that import more goods from abroad than they export--so Walmart, for instance.
"Consumer" means all of us in the US. A strong dollar is good for my pockets.