The global population of ultra-high-net worth individuals increased 8% last year, according to Altrata, and much of that growth was in the U.S.
  • originalfrozenbanana
    101·
    2 months ago

    I guess the difference there is that the wealthy can take out loans and secure assets like houses against their stocks but yes the stock market isn’t real

    • popcap200@lemmy.ml
      6·
      2 months ago

      I mean, regular people can do that too, just not to the same extent. Robinhood is offering 6.75% now on margin loans, and IBKR has like 6.85% or so.