According to Bankrates annual emergency savings survey, only 28 percent of Americans have six months of emergency savings. Between government and tariff impacted layoffs, people are probably struggling at worst and moving into hunkering down mode at best.
Yet, I keep seeing the response in so many finance and investing threads to buy the dip. Have we lost touch that the vast majority of Americans cant afford to buy the dip? Because it appears that the real winners in all this will be the Top 1 percent who can buy the dip.
When the dust settles, is there any way we can rebuild and reimagine a free market economy and investing system that benefits the bottom 50 percent instead of reinforces the top 1 percent? Does anyone have a favorite book or thinker who has offered such a solution?