Think one of the toughest positions to be in over next few years is an American white-collar 9-5 employee with very little asset exposure.

Think they're gonna see a perfect storm of massive job cuts + asset prices absolutely soaring.

Bright spot is there is more opportunity than ever before online (freelancing, digital marketing, social media, crypto, etc), however you're competing against the whole world on even-footing, and you don't get any automatic advantage just because you live in Portland or Minneapolis or etc.

There's also incredible opportunity in blue-collar world in the US (ie guys in roofing sales making 300k per year and hourly handymen charging $160/hr), but that same 9-5 office worker in Portland or Minneapolis probably thinks such stuff is beneath them (or would like to do it but is intimidated by it).

And then asset prices soaring is also a bright spot if you're exposed to those assets, but again- if you're 40 years old and you have a net worth of $0 because you've always spent your high W2 income on DoorDash and 2-3 expensive vacations per year, and you suddenly lose your job, then you don't have any exposure to those surges in asset prices, so you are losing ground against everyone who does.

And this is just the US, I don't want to think about the same situation in Toronto or Melbourne man... good god...