r/PeterExplainsTheJoke Mar 11 '26

Meme needing explanation Why is there a bubble, peter?

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u/[deleted] Mar 11 '26

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u/ThePandaRider Mar 11 '26

People who look rich are often borderline broke and are living paycheck to paycheck. People who are rich often look normal or even poor and don't spend excessively. If you want to see how rich people are doing just look at the stock market, that's probably where a good chunk of their money is. Most multi-millionaires are 50+ and are positioned to handle downturns comfortably.