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Matthew Loutner
China Observer
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Comments by "Matthew Loutner" (@Matthew_Loutner) on "120,000 Chinese Millionaires Flee, Leading to Huge Currency Drain and Economic Collapse" video.
24 million. About 7% of population.
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@user-br9oi2sh7o It may surprise you to learn that 65% of adult Americans own their home and in the event of an emergency can borrow against the equity in their house. And 82% of adult Americans have at least one credit card. In an emergency, they pay it with their credit card.
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You do not know what you are talking about.
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@IceCream-8668 Nope.
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@user-br9oi2sh7o Don't know where you get your numbers, but 54% of Americans have a retirement account. Most people with a retirement account put at least $1000 a year into their account. In an emergency, you can draw funds out of your retirement account or you can borrow against it.
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@lambertgiang 24 million divided by 360 million = .0666.
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@lambertgiang Just out of curiosity . . . Why would anyone keep their money in a bank savings account that only pays 0.45% interest on your money, when you can make 10.5% in the stock market? I do not have a bank savings account. I have 2 bank checking accounts, 2 stock market accounts, 1 crypocurrency account -- but no savings account. I do not really have a need for one. (And I invest in real estate on the side.)
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Nationalizing is stealing.
1