Post
Topic
Board Economics
Re: Is it just me or people are out of liquidity ( money ) ?
by
wxa7115
on 17/02/2022, 20:51:06 UTC
I don't see any drastic change, people are doing what they are doing but the real thing is rich get richer and poor got poorer, people are making investments on real estate, gold, buying cars I mean expensive cars, etc probably the number of people doing this was low.
That's true.

I've seen people who have been wealthy have added more assets during the pandemic and they're even buying more properties and brand new cars.

No question to their success and it's really the thing in the world that the rich who are established are being more established and wealthier.
The pandemic has made the rich richer, after all if we see the growth of Amazon and other similar businesses we can see that it grew a lot during the pandemic and the same is true for many other businesses.

However like always it is the average person the one that needs to pay the consequences, inflation is high all over the world and it is affecting food prices everywhere, this means that now a greater portion of our income has to be dedicated to our basic needs, this could create a downward spiral of the economy as now people will reduce the money they spend in other things, which could force some governments to print more money, creating a vicious circle in the process.