The majority of Americans think the economy is rigged in favor of certain sectors at the expense of others. Meanwhile, the economy could be on the verge of another recession. Time to switch to Bitcoin to protect your wealth.
According to a survey conducted in the US, a full 71% of responses indicated that they believe the economic system is skewed in favor of certain groups. In response to which came closer to their opinion on the US economy, three choices were presented:
> The economic system is rigged in favor of certain groups
The economy system is fair to all Americans
Don’t know
The overwhelming majority picked the first option. This held true across demographics, showing no difference in responses from different races or political affiliation. Stagnant economy since the 1990s, another recession soon
According to US Census data adjusted for inflation, the median household income has remained stagnant over the last 20 years. This means that the average American middle-class family makes about the same as they would have in the 1990s. Meanwhile, the cost of living has skyrocketed since then. What $20 could have bought in 1994 would now take $32 , meaning the US middle class is worse off today than 20 years ago.
According to investment broker and economic pundit Peter Schiff, the US economy is facing another recession in the very near future, to be triggered by a rate hike by the Federal reserve. “[US Federal Reserve chair] Janet Yellen keeps saying we’re on the road to recovery; the rate hike is just around the corner; maybe it’s a bigger corner than she used to think, but we’re going to round that corner; we’re going to end up with these rate hikes. And again, all of this is nonsense. I think if the Fed were […]
