The majority of middle class wealth is locked up in unproductive assets or assets that only become available upon retirement or death.
One of my points in Why Governments Will Not Ban Bitcoin was to highlight how few families had the financial wherewithal to invest in bitcoin or an alternative hedge such as precious metals.
The limitation on middle class wealth isn't just the total net worth of each family; it's also how their wealth is allocated: the vast majority of most middle class family wealth is locked up in the family home or retirement funds.
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