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A comment on Bitcoin surpasses $50K as major companies jump into crypto. Parent comment

Re:Bitcoin surpasses $50K as major companies jump into crypto by bobthepanda on Tuesday February 16, 2021 @11:37PM (#26162755)
Household debt increased is past pre-2007 levels. https://www.newyorkfed.org/microeconomics/hhdc.html

People have certainly paid for a better standard of living, but they didn't get there with just wages.

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Re:Bitcoin surpasses $50K as major companies jump into crypto by FFRefresh on Wednesday February 17, 2021 @12:12AM (#26162964)
Here's some related data that may help expand our understanding:

Household debt service payments as a percent of disposable personal income are as low as they have ever been: https://fred.stlouisfed.org/series/TDSP

Personal savings rate has never been better: https://fred.stlouisfed.org/series/PSAVERT

Household debt to GDP saw a spike at the beginning of the pandemic, but still is much lower than we were coming out of the last recession: https://fred.stlouisfed.org/series/HDTGPDUSQ163N

Disposable income has never been higher: https://fred.stlouisfed.org/series/DSPI

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