It is not randomly generating it. It’s moving it around from other places, but even then I agree it’s not available to many.
As with most disruptive world events, it benefited those with wealth that was not already tied up in living. If you were a millennial with a house down payment and a 6 month safety net in cash when Covid hit, you had opportunity to grow your assets by close to if not more than 100% in 3 years. If you didn’t, you watched as the world burned and you took job losses as well as draining money you had to pay rent.
The data though, shows an interesting thing. The amount of free cash available to Americans in accounts as cash went up starkly. Double digit percentage rise in free available assets kind of starkly. So much so it is only now returning to previous Covid levels. The vast majority of checking account cash is tied up in middle income households. So anecdotally I would agree that the last 3 years were a real rectal widening experience that arrived unlubed, but the data at a macro level shows people have more cash on hand and had it during the breadth of the pandemic, than they did before it.
All this to say, there should be an increase in bond buying availability for the majority of potential investors with a bank account, not less. I work on the financial sector so take that bias with the grain of salt it should merit.
Never said it was.
It is not randomly generating it. It’s moving it around from other places, but even then I agree it’s not available to many.
As with most disruptive world events, it benefited those with wealth that was not already tied up in living. If you were a millennial with a house down payment and a 6 month safety net in cash when Covid hit, you had opportunity to grow your assets by close to if not more than 100% in 3 years. If you didn’t, you watched as the world burned and you took job losses as well as draining money you had to pay rent.
The data though, shows an interesting thing. The amount of free cash available to Americans in accounts as cash went up starkly. Double digit percentage rise in free available assets kind of starkly. So much so it is only now returning to previous Covid levels. The vast majority of checking account cash is tied up in middle income households. So anecdotally I would agree that the last 3 years were a real rectal widening experience that arrived unlubed, but the data at a macro level shows people have more cash on hand and had it during the breadth of the pandemic, than they did before it.
All this to say, there should be an increase in bond buying availability for the majority of potential investors with a bank account, not less. I work on the financial sector so take that bias with the grain of salt it should merit.