Low rates widen wealth inequality via portfolio duration
The guest argued that declining real interest rates from 1980-2020 increased wealth inequality because long-duration assets (owned by the wealthy) saw large capital gains, while the poor, holding mostly deposits with no duration, saw no such gains.
Sign in to read the full idea
The argument, what validates it, the risks discussed and hearing it from the source are for signed-in members. Free accounts read 3 ideas in full a day. No card required.