
The post highlights that 1 in 10 US adults are millionaires, but the commentary suggests this figure may be inflated by including debt as equity. Investors should be cautious about broad wealth statistics and focus on net worth, which subtracts liabilities. This implies a potential overestimation of consumer financial health, which could impact discretionary spending and credit-sensitive sectors.

By beaniemaxi
Crypto native since the early days. Went all in on DeFi summer. Then tripled down on NFTs. VC @gmcapital_. No paid promos. Not financial advice. I talk my book.