WaldoStacker 2 years ago

GM "Real average hourly earnings decreased 0.7%, seasonally adjusted, from March 2022 to March 2023” (BLS) The slow bleed of working the same and making less continues due to inflation Workers don't need to be market experts to fix this; they just need superior savings: #bitcoin

WaldoStacker 2 years ago

Don't be fooled by CPI: Food at home is still +8.4% and food away from home +8.8%; electricity is still +10.2% Unless you got a raise for ~+10% over the last year, you are falling behind on mandatory daily costs But saving in #bitcoin , you won't suffer when wages don't keep up

WaldoStacker 2 years ago

Over a 34-year period (1979-2013) middle earners' wages only increased by 6% after controlling for inflation (CPI inflation, NOT what people need to live) Saving in #bitcoin  long-term presents an opportunity for low- and middle-earners to *actually* experience the American Dream

WaldoStacker 2 years ago

On income, using the median is usually preferred to the mean bc the latter is skewed by the top. However, means can still show a relative rate of change. The middle 3 income quintiles would have earned much more had they followed the overall income average rate. Got #bitcoin ?

WaldoStacker 2 years ago

Just filed a Missing Legends Report

WaldoStacker 2 years ago

In 1970, the median income of upper-income households was 6.3x that of lower-income households and 2.2x that of middle-income households. By 2020, it was 7.3x greater than the median lower class income and 2.4x greater than the median middle class income (Pew). Got #bitcoin ?

WaldoStacker 2 years ago

Since 1967, the middle 60% of earners have been slowly getting poorer as compared to previous generations and to the top 20%. To combat this, the Middle Class can take matters into their own hands and start saving in the hardest money on the planet: #bitcoin 

WaldoStacker 2 years ago

When middle-income earners ($30k-$100k) were asked how they will change their financial behavior to combat inflation, the majority of their answers would put them even worse off in the future The survey designers also missed the most important strategy of all: saving in #bitcoin 

WaldoStacker 2 years ago

From the late 1940s to the early 1970s, gains in wages and productivity were nearly identical After 1971, the minimum wage fell well behind productivity as did inflation-adjusted average wages There's no incentive for those in power to fix this but you can take the power into your own hands now: #bitcoin 

WaldoStacker 2 years ago

"Credit card balances saw a $61 billion increase in the fourth quarter, surpassing the pre-pandemic high of $927 billion. Credit card balances now stand at $986 billion" (NY FED) As prices rise faster than wages, people turn to credit Saving long-term in #bitcoin  can fix this

WaldoStacker 2 years ago

We can't vote our way out of the US debt growing. We can't hope for policies that will protect us from the pain and suffering this causes. We can't expect those who control and manipulate the money will ever have our best interests at heart. But we can opt out: #bitcoin 

WaldoStacker 2 years ago

Inflation looks mostly level over time, right? That's a good thing, right? This would be true except inflation compounds. And wages don't rise nearly as fast, so we're all falling behind. More work and more debt will never fix this long-term, but savings will: #bitcoin 

WaldoStacker 2 years ago

I choose transparent and fair rules over control and manipulation by rulers #bitcoin 

WaldoStacker 2 years ago

Real average hourly earnings decreased 1.3%, seasonally adjusted, from 2/22 to 2/23 (BLS). But this is based off February CPI at 6%. Looking at 'food at home', workers are down -5.5% (-1.3+-4.2) using income to eat. Workers need a savings tool to combat this: #bitcoin 

WaldoStacker 2 years ago

Fractional reserve banking. Quantitative easing/tightening. Bailouts. Raising the debt ceiling. The debt spiral. Lobbying. Insider trading. Corporate financing. Corporate board seats after office. Bribery. Favoritism. Effects of the control and manipulation of money. Opt out: #bitcoin

WaldoStacker 2 years ago

The banks don't have your money, The FDIC has no reserves, The house of cards assumes we're dummies, But we're on to how it's freaking absurd. #bitcoin

WaldoStacker 2 years ago

There were 561 bank failures from 2001-2022 (FDIC) Since banks don’t even have your money, it may be wise to rely on them as little as possible Be your own bank instead: #bitcoin

WaldoStacker 2 years ago

#HFSS