"GOBankingRates recently surveyed 1,000 Americans ages 18+ and found that 32.9% have no more than $100 in their savings account.
In a similar study conducted in 2022, 22% of Americans responded they had $100 or less in savings."
Prices go up, wages don't keep up, got #bitcoin ?
Since 2002 (in the US) wages have increased 37% and housing costs have increase 140%
This reality has seeped deep into the subconscious of the population and cranked their time preference to the lowest possible setting.
Fiat is the problem. #Bitcoin is the solution.
Stealing this statistic!
By the way I believe you mean cranked time preference to the highest possible setting.
My mistake.
Great statistic and reply, much appreciated!!
You may be interested in this post as well where I used some math from John Haar and the US Census on housing over time 🤝🧡
That 6.25% is pretty interesting because Saifadean says money supply inflation is right around 7% annually since 1971. Perfect real-world analog for monetary debasement.
I personally believe the situation is happening at an accelerating rate. So if we’re looking back on ~7% annual money supply inflation, looking forward it’s going to be 10%+. Toward the end maybe even 20%-30% annually.
Got #Bitcoin ✔️
