2 ms·
Assets experienced a 1,000% inflation. People can still scrape by being consumers and renters (cost-of-living), but owning assets moves farther and farther out
by take_a_breath 6y ago
Assets experienced a 1,000% inflation. People can still scrape by being consumers and renters (cost-of-living), but owning assets moves farther and farther out of reach.
Since our economic system is built on assets (they appreciate, you can borrow against them, etc.), the inequality gap keeps growing.