Re:Inequality, Interest Rates, Aging, and the Role of Centra...
by paulpauper on Wednesday September 01, 2021 @10:52AM
(#28380548)
I'm far from an economics expert, pretty novice actually. So I am probably wrong. But as a guy who came from a lower middle class household and has utilized debt & investments to change that significantly I feel like low interest rates have been a huge part of that.
a combination of cheap mortgages, surging home price, surging stock prices, and high-paying professional jobs. You see this all over Reddit on popular Fire subs of ppl in their 20s and 30s with substantial wealth thanks to those four factors.
For people with good incomes and and hence an opportunity to borrow and invest, the past decade has been amazing.
a combination of cheap mortgages, surging home price, surging stock prices, and high-paying professional jobs. You see this all over Reddit on popular Fire subs of ppl in their 20s and 30s with substantial wealth thanks to those four factors.
For people with good incomes and and hence an opportunity to borrow and invest, the past decade has been amazing.