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Explaining the inflation rate (lemmy.world)

submitted 3 months ago by The_Picard_Maneuver@lemmy.world to c/whitepeopletwitter@sh.itjust.works

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[–] ieatpillowtags@lemm.ee 0 points 2 months ago (1 children)

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.

[–] KevonLooney@lemm.ee 1 points 2 months ago

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