finance

🇧🇷🇺🇸-  Book: Making Things Think: https://holloway.com/mtt. Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph.

hmmmm. where is this data from? how are they defining "middle class"?
middle and lower incomes have done well since covid

this tracks with social instability and dissatisfaction

Disagree. This is Capitalism at its finest. Commoditize housing and health care and watch your society collapse.

This flip actually happened two years back, mid 2021

I had been orange pilled sometime in 2020, and this was unfolding before our eyes.

Do you mean because rates are up? Or because rates are down?

Wealth inevitably concentrates over time.

Sure, they do. My piggy bank is now attending economics classes to keep up. 🐷