pull down to refresh

234 sats \ 2 replies \ @Undisciplined 29 Dec 2023 \ on: U.S. Banks Confront Unrelenting Deposit Erosion econ

If only people were also "depositing" those funds into Bitcoin. I'm pretty sure most of it is just being eaten up by inflated household budgets.

write
preview
479 sats \ 1 reply \ @GhostofTruth OP 29 Dec 2023

I think the majority is fu..ed by inflation. What did I read this morning? 62% of households live payckeck to paycheck.

reply
219 sats \ 0 replies \ @Undisciplined 29 Dec 2023

I would have expected that to be higher, honestly. People in the developed world were understandably not prepared for several years of 7%+ price inflation.

reply