Billionaires now control 1 out of every 25 dollars of American wealth.
  • catloaf@lemm.eeEnglish
    21·
    7 months ago

    No, they don’t. Liquid assets don’t increase in value. If they had $1 in cash seven years ago, it would be worth less than that today due to inflation.

    • FlowVoid@lemmy.worldEnglish
      31·
      7 months ago

      Stocks are liquid assets. They can increase in value.

      T-bills are also liquid assets. They can also increase in value.

      Savings accounts and money market accounts are also liquid assets. They can also increase in value.