Currency debasement is a fraud against humanity.
What fraction of people would you guess have more than 20% of their net worth in cash?
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99%
How do you come to that conclusion?
If US, probably at least 70% - that’s the number of people who earn under 50k according to Wikipedia
Unless the data is old - it’s probably is. I’d say at least 60%
At the bottom end, 35% of Americans have zero savings.
Oh sorry I misread your note 🙃
