American Dream

Dream

Coin

<ul class="news-points"> 
 <li>Global Macro Investor’s founder Raoul Pal tweeted about the slow wages in the US not compensating for the rising costs.</li> 
 <li>Pal said that US citizens are unable to save money, leading to increasing death rates.</li> 
 <li>According to Pal, crypto can form a solution, allowing users to have control over their finances</li> 
</ul> 
On September 4, founder of Global Macro Investor Raoul Pal tweeted a thread discussing the “death of the American dream,” and the future of US citizens amid rising costs and stalled wages. He revealed that US wages have not increased in real-time, according to <a href="https://www.lseg.com/en" target="_blank" rel="noopener noreferrer nofollow">data</a> from the London Stock Exchange Group. 
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 <figure class="aligncenter size-full"> 
 <img decoding="async" width="1924" height="1085" src="https://coinedition.com/wp-content/uploads/2023/09/Us-Real-Wages.png" alt="" class="wp-image-333986" srcset="https://coinedition.com/wp-content/uploads/2023/09/Us-Real-Wages.png 1924w, https://coinedition.com/wp-content/uploads/2023/09/Us-Real-Wages-300x169.png 300w, https://coinedition.com/wp-content/uploads/2023/09/Us-Real-Wages-310x175.png 310w, https://coinedition.com/wp-content/uploads/2023/09/Us-Real-Wages-380x214.png 380w, https://coinedition.com/wp-content/uploads/2023/09/Us-Real-Wages-768x433.png 768w, https://coinedition.com/wp-content/uploads/2023/09/Us-Real-Wages-1536x866.png 1536w, https://coinedition.com/wp-content/uploads/2023/09/Us-Real-Wages-696x392.png 696w, https://coinedition.com/wp-content/uploads/2023/09/Us-Real-Wages-124x70.png 124w, https://coinedition.com/wp-content/uploads/2023/09/Us-Real-Wages-159x89.png 159w, https://coinedition.com/wp-content/uploads/2023/09/Us-Real-Wages-255x143.png 255w, https://coinedition.com/wp-content/uploads/2023/09/Us-Real-Wages-789x445.png 789w, https://coinedition.com/wp-content/uploads/2023/09/Us-Real-Wages-438x247.png 438w, https://coinedition.com/wp-content/uploads/2023/09/Us-Real-Wages-414x233.png 414w, https://coinedition.com/wp-content/uploads/2023/09/Us-Real-Wages-293x165.png 293w, https://coinedition.com/wp-content/uploads/2023/09/Us-Real-Wages-374x211.png 374w, https://coinedition.com/wp-content/uploads/2023/09/Us-Real-Wages-328x185.png 328w, https://coinedition.com/wp-content/uploads/2023/09/Us-Real-Wages-144x81.png 144w, https://coinedition.com/wp-content/uploads/2023/09/Us-Real-Wages-123x70.png 123w, https://coinedition.com/wp-content/uploads/2023/09/Us-Real-Wages-129x73.png 129w" sizes="(max-width: 1924px) 100vw, 1924px"> 
 <figcaption class="wp-element-caption"> <a href="https://twitter.com/RaoulGMI/status/1698481377778233617/photo/1" target="_blank" rel="noopener noreferrer nofollow">US Real Wages Since 1965</a> 
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 </figure> 
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Meanwhile, rising costs have driven the equities up by 2.5% in real time, per year. Simultaneously, this resulted in a loss of 85% in regard to workers’ purchasing power. Financial services firm Charles Schwab also reported that the projected average annual GDP growth rate has decreased from 2.3% to 1.8%. 
Pal noted that the gap in wage versus expenses disabled citizens from saving money, pushing older generations of Americans to work alongside their offspring gene… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/crypto-a-solution-to-the-death-of-the-american-dream/">Crypto: A Solution to the Death of the American Dream</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Crypto: A Solution to the Death of the American Dream

Coin Edition

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