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The issue isn't that those well enough off to hold significant stock in those companies are suffering. It's the people who don't have shares and 2nd homes to li
by yucky 4y ago
The issue isn't that those well enough off to hold significant stock in those companies are suffering. It's the people who don't have shares and 2nd homes to liquidate.
- rileymat2 4y agoBut the poor typically are not cash rich either and have debt, debt that is better serviced with increased wages that inflation can bring. Of course it is all predicated on wages/inflation in step which does not seem to be true.