If M2 is personal savings in banks?
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
That has to be at an all time low,
or else it's an indicator of modern wealth distribution.
Half my grandparents had more than $10,000 in savings in the 80s.
When that would buy a new pickup.
(The other half were always broke, despite earning than the ones with money)
Today, only 20% of retired Americans have $10k.
One factor is 401k/IRA investment, a bigger one is the modern attempts
to buy happiness and maintain debt instead of cash.
