RATE Group | US Market Crash Expected as Household Income Explodes, Will Millennials Flock to Bitcoin…
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US Market Crash Expected as Household Income Explodes, Will Millennials Flock to Bitcoin…

18 Sep US Market Crash Expected as Household Income Explodes, Will Millennials Flock to Bitcoin…

Posted at 22:01h in Bitcoin News by

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bitcoin bubble

For the first time in history, US household wealth has surged above the $100 trillion mark, fueled by the rise in the value of stocks and properties. However, analysts say the unsustainable growth in household wealth could cause a crash, which may lead millennials to flock to Bitcoin.

In September, US household wealth reached $100 trillion, and ostensibly it seems like a positive development for US markets. But, in comparison to the stagnation in actual US household income, it is quite evident that the rapid growth rate of US household wealth cannot be sustained in the long-term.

Speaking to Business Insider, AJ Bell investment director Russ Mould stated:

“Household net worth cannot sustainably grow this much faster than incomes. Assets have been bid up and at some stage there has to be chance that they correct, just as happened in 2000 and 2007.”

Bubble-Like Behavior

According to Mould, the US stock market experiencing one of the strongest bull markets in history and the…

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