Inflation continues to hit the economy hard and in many ways. From commodities to food prices soaring there are no signs for it to stop let alone slow down.
What is scary is that the actual increase in $ value due to inflation for most Americans actually barely tips the scale while those few in the 1% is seeing dramatic net worth soaring beyond anything seen in history.
The majority of Americans which is 50% are at the bottom that own only 6% of all hard assets in America. While top 10% in net worth own 64% of all hard assets.
The wealth distribution has some effects from the way money is distributed. Central banks and government is pushing the gap to be ever greater. This is one of the main reason younger generation is investing in cryptocurrency. The inequality in fiat is having a pro-founding effect on society. How long will it take to see crypto go main stream?
None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!
LeoFinance = Financial Blog
LeoDex = Hive trading exchange for Secondary Tokens, Low 0.25% fees for deposits and withdraws.
HiveStats = Hive stats per user
LeoPedia = Informative content related to anything about Crypto and how to make financial gains in crypto!
CubDefi = LEO Finance's Defi with CUB Token