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65 sats \ 0 replies \ @kepford 29 May \ parent \ on: 55% of Americans have three months of emergency savings econ
Most Americans are levered up with debt. But, relatively speaking most Americans are rich compared to most of the people on the planet. It all depends on how you measure things and the definitions being used.
We in the US get the benefit of cheap debt and the goods and services it produces. The rest of the world doesn't really. They just get monetary inflation.