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WaldoStacker
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Disrupt war. Liberate the bottom half. #Bitcoin (“plewbie” ~yellow). Editing @Stackchainmag

"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 ?

Charts for Pre-Coiners™️

Don't be fooled by CPI categories such as "energy" or "less food and energy".

Food is higher than CPI, and "energy" is getting pulled down by subcategories that not everyone uses.

However, everyone does use electricity, which is also higher than CPI.

Got #bitcoin ?

Charts for Pre-Coiners:

The top 1% owns more wealth than both the rest of the top 10% as well as the bottom 90%.

Disentangling the bottom 50% from these groups, the picture is even more bleak.

As easy money flows to the very top, the 99% need a fair, equal access savings tool to build wealth: #bitcoin

Charts for Pre-Coiners:

We hear a lot about "the 1%", but within this group, the top 0.01% have pulled away from the pack, skewing the data

More important, the bottom 50% has been left behind on both income and wealth

#Bitcoin  provides an opportunity for all groups to build and store wealth equally

Aside from the fact that inflation compounds, average hourly wages are still not keeping up with workers' daily expenses on items such as food, shelter, electricity (nor even CPI)

Saving in #bitcoin  doesn't fix this right away but it can long-term, especially if starting now

(Source: BLS data)

Consumer loans have experienced a 5x increase in the last 20 years. This is a precarious situation for workers, particularly as rising unemployment is a Fed policy objective

There is a better way but it takes patience and determination: start saving in the hardest money #bitcoin

When wages don't track with inflation on daily expenses, such as food, electricity, and housing, workers deplete savings.

They also go deeper into credit card debt.

What would these graphs look like for someone who started saving in #bitcoin  at the peak savings rate in 2020?

Inflation's not so bad if you don't need food or energy.

As central banks manipulate money and the media and politicians play the blame game, people have to live this reality by draining their savings and taking on more debt.

Fortunately, there is a better way: #bitcoin

From March 2022-2023, wages did not track with inflation (CPI), nor on items people need every day, such as food, energy services, and shelter.

To note, wages did beat things like apparel, medical care services, and used cars, but these are not regular costs.

Got #bitcoin ?

Dividing earners into groups can be useful for comparison, but it's important to note the top group is always skewed by the very top sub-group

The differences among groups are not as stark when excluding the very top

Easy money flows to the top 1%; for the 99% there is #bitcoin

When income levels are different but the *rate* of change is similar, everyone wins

When income is different and the rate favors the top more than the bottom, fewer people win, thereby widening inequality

A Bitcoin Standard can fix this. You can also start fixing it by saving: #bitcoin

In the 45-year period from 1967-2012, real household income (inflation adjusted) for the bottom 50% of working Americans was nearly flat

While all income groups can benefit from saving in #bitcoin , the bottom half especially could benefit from this savings technology to combat inflation over time

According to John Haar, “The median price of a US home in 1940 was a little under $3k. Today it's around $450k.

That's an average increase of ~6.25% per year.

If that rate continues, in 30 years the median price of a US home will be over $2.6 million.”

*******************

Taking John’s math and combining it with income, we see the *rate* of housing increasing twice as fast as wages, forcing many people to go deeper and deeper into debt should they want to own a home:

The estimation of median wages in 1940 = $774 (US Census, average men/women)

In 2023, estimated median wages = $57,200 (BLS)

In 1940, rate of housing-to-wages = 3.9x

In 2023, rate of housing-to-wage = 7.9x

1940-2023, wages = 74x

1940-2023, housing = 150x

Got #bitcoin ?

Payscale Inc.’s 2023 Compensation Best Practices report stated 80% of companies surveyed said they plan to give raises this year, compared to 92% in 2022

Just 11% of companies (compared to 18% of companies last year) said they’ll increase base pay by more than 5%

Got #bitcoin ?

Wow, that perspective is so important to hear and so scary at the same time. If the OGs who have lived through truly crazy times think it’s really bad right now, we should obviously be particularly concerned (arguably all bitcoiners are).

This can also be a time of hope. If regular folks are noticing now more than ever that things are bad, maybe they’ll investigate why and hopefully that’ll lead them to broken money… and the soundest money solution. 🙏🧡

Only negative inflation would reduce the compounding effect of inflation, but YoY we see very little of that, and definitely not enough to make an impact.

Instead we see things getting more expensive in perpetuity.

Saving in the best hard money in history fixes this: #bitcoin

Well said. This reminds me of one of my favorite quotes:

“Hegemony is a struggle in which the powerful win the consent of those who are oppressed, with the oppressed unknowingly participating in their own oppression” ~McLaren

As you rightly point out, the ‘just below where people will notice it’ has always been the key.

Maybe now, given more are noticing it everyday and hopefully asking more questions, people will finally understand the problem. Which as we know if just one step away from the superior solution: #bitcoin