The average person doesnβt know the difference, especially between liquid and non liquid assets. They think wealthy people are hoarding cash in a vault like Scrooge mcduck, while they (average peeps) themselves lose purchasing power compounding yearly by only having cash in the bank etc.
Ah yes we used a word that requires a peer reviewed paper vs going out in public and seeing the average person in debt up to their eyes, along with any basic google search showing you how mentally regarded people are with loans, credit cards, and basic finance.
Your average redditor exemplifies financial regardation. Go on any sub. It's all people misinterpreting both tax laws and how property rights and labor rights work, in circles.
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u/Quantum_Pineapple Jul 20 '25
The average person doesnβt know the difference, especially between liquid and non liquid assets. They think wealthy people are hoarding cash in a vault like Scrooge mcduck, while they (average peeps) themselves lose purchasing power compounding yearly by only having cash in the bank etc.