The Picard Maneuver@lemmy.world to People Twitter@sh.itjust.works · 8 months agoExplaining the inflation ratelemmy.worldimagemessage-square85fedilinkarrow-up11.15Karrow-down116
arrow-up11.13Karrow-down1imageExplaining the inflation ratelemmy.worldThe Picard Maneuver@lemmy.world to People Twitter@sh.itjust.works · 8 months agomessage-square85fedilink
minus-squareieatpillowtags@lemm.eelinkfedilinkarrow-up2arrow-down2·8 months agoMost people do not have the option to purchase any of the things you mentioned such as stocks or bonds, as they live paycheck to paycheck, or something close to it. The loans are taken as a matter of necessity, so that much is still relevant.
minus-squareKevonLooney@lemm.eelinkfedilinkarrow-up2arrow-down1·8 months agoThat’s not true. Most Americans own some investments. 63% of Middle Class Americans ($40,000 to $99,999) own stocks. 65% of Americans own homes. https://news.gallup.com/poll/266807/percentage-americans-owns-stock.aspx https://fred.stlouisfed.org/series/RHORUSQ156N
Most people do not have the option to purchase any of the things you mentioned such as stocks or bonds, as they live paycheck to paycheck, or something close to it. The loans are taken as a matter of necessity, so that much is still relevant.
That’s not true. Most Americans own some investments. 63% of Middle Class Americans ($40,000 to $99,999) own stocks. 65% of Americans own homes.
https://news.gallup.com/poll/266807/percentage-americans-owns-stock.aspx
https://fred.stlouisfed.org/series/RHORUSQ156N