Is it because GenX and Millennials are slackers? Or some other reason? Hmmm, maybe it's because Boomers are older, have spent more time in the work force, and accumulated more money?
They earned their money when we had REAL "interest rates" through the 70s, 80s & 90s. Remember when a 5-year CD paid 10,11,12%? Even 6-month CDs approached 10% at their peak. How about fixed income securities, even T-Bills paying out 10%+ short term yields?
That's beyond EZ money that GenX'ers and Millennials never got access to..
And it all happened when we dropped the gold standard peg. That's how Volker et al kept the masses docile and asleep as they printed to infinity.
Not entirely true now. You can get stablecoin rewards at 8-10% at Celsius, nexo, crypto.com, etc.
If you get into DeFi liquidity provider, you can get 30%-over 100%. There's a reason media partnered with banking is telling everyone "crypto bad". Crypto threatens the very existence of the predatory banking system.
Is it because GenX and Millennials are slackers? Or some other reason? Hmmm, maybe it's because Boomers are older, have spent more time in the work force, and accumulated more money?
They earned their money when we had REAL "interest rates" through the 70s, 80s & 90s. Remember when a 5-year CD paid 10,11,12%? Even 6-month CDs approached 10% at their peak. How about fixed income securities, even T-Bills paying out 10%+ short term yields?
That's beyond EZ money that GenX'ers and Millennials never got access to..
And it all happened when we dropped the gold standard peg. That's how Volker et al kept the masses docile and asleep as they printed to infinity.
Not entirely true now. You can get stablecoin rewards at 8-10% at Celsius, nexo, crypto.com, etc.
If you get into DeFi liquidity provider, you can get 30%-over 100%. There's a reason media partnered with banking is telling everyone "crypto bad". Crypto threatens the very existence of the predatory banking system.
Yep, right up until it all collapses. Crypto is 100% gambling. The "crypt" is where money goes to die.
I hope you cash out before it's too late. Caveat emptor
Words of the ignorant. Keep supporting that central bank.