Re:I need to explain to you just how dire America's Pokémon ...
by whakim on Sunday May 02, 2021 @01:11PM
(#27016884)
Economics tells us that the marginal propensity to consume is higher among low-income individuals than high-income individuals. So without delving into the details, I think it's reasonable to assume that a much greater percentage of investors in crypto/meme stocks/etc. are wealth(ier) individuals. Not to mention that those wealthier individuals just have a lot more money to invest in the first place, far and above a few stimulus payments.
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