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Fiat doesn't work on a finite planet. Crypto has failed on its goals. What is a better way to be economically secure? (infosec.pub)

submitted 4 months ago by [email protected] to c/[email protected]

102 comments fedilink hide all child comments

Assuming the title to be accurate, what is a good way for the working class (90%+ of all humans) to save and succeed in this current environment?

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[–] Ziggurat 28 points 4 months ago (2 children)

what is a good way for the working class (90%+ of all humans) to save

Gonna sound like a dangerous lemmy communist, but vote for parties who want to raise wages and join Union to defend your rights. The main problem is that most working class struggle to finish the month without a negative bank account, once it's solved, saving become possible again

[–] [email protected] 8 points 4 months ago

You sound like a decent social-democrat to me

[–] [email protected] 0 points 4 months ago (1 children)

But if their savings is in fiat, and its stated goal is loose value 2-3% annually, then the working class could never retire unless they make every economic investment choice correctly their entire life to have beaten inflation

[–] anindefinitearticle 6 points 4 months ago* (last edited 4 months ago) (1 children)

Which isn’t always plausible to do in a country lacking social safety net, public healthcare, etc.

[–] [email protected] 3 points 4 months ago

Yeah, hence why I'm looking for ideas