American Middle Class is dying
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“We printed trillions of dollars, and the middle class had the audacity to take their meager share and save it!”
They really do hate us.
The wealth and prosperity of the American middle class is being redistributed via foreign aid, mass immigration, fiat currency, and now inflation. All of this is deliberate policy by our government officials on behalf of corporations and special interests. There is no poll showing majority support for any of this.
Real interest rates haven't been positive for over a decade, so it's hasn't been possible to actually "save" money for at least that long.
I have to go back to about 2007 to see any bank statements that show a positive real interest rate. Let alone the standard "5% passbook savings account" every bank had when I was a kid.
There's no "saving" soft currency. You put $100 under your mattress for a decade and you'll end up with something worth a lot less than $100.
Yeah, they blame that on "inflation", instead of the carbon tax and buying energy from Chynuh to own the Russians.