Bitcoin and Robinhood will end badly for those who can least afford it – The Guardian

Project Syndicate economistsMillions in precarious jobs are betting scant savings on worthless stocks and cryptocurrencies via share-dealing apps
The US economys K-shaped recovery is under way. Those with stable full-time jobs, benefits, and a financial cushion are faring well as stock markets climb to new highs. Those who are unemployed or partially employed in low-value-added blue-collar and service jobs the new precariat are saddled with debt, have little financial wealth, and face diminishing…

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