The Death Of The Middle Class: Why Everyone Feels Broke

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#inflation #middleclass #howtomakemoneyonline

Timestamps:
Is The American Dream Dead?: 0:00
We Aren't In A Recession. What's Happening?: 1:16
How Prices Have Changed: 2:30
Health Insurance and Zocdoc: 3:55
Why Is Education So Unaffordable?: 5:36
Housing And The Pandemic Recession: 6:23
The Biggest Wealth Transfer In History: 8:03
How To Protect Yourself And Become Financially Free: 9:56
What We Can Do To Fix America: 12:44
My Last Piece Of Advice: 13:25
Why Nobody Wants To Work Anymore: 14:38

Topics: why the middle class is disappearing, how to stop being poor, why do i feel so poor, why cant i afford anything, how inflation works, biggest wealt transfer, stimulus checks

[ChefBuck]

We have lost 25% of our buying power in the last 3 years and people are too tired to give a shit. What a boring dystopia

[DeenanTheKemon]

Imagine telling multiple entire generations that they have to work fulltime in order to never own a home, never own a car, never take a single paid vacation, no health insurance, zero sick days, no benefits, no OT, no paid lunch breaks, no savings, no groceries, no children, no retirement, no future, and then complaining that they dont wanna work.

[ematthew]

Out of touch people will just tell you to work harder

[karlstrauss]

“Confidence in the economy is the lowest since 1966, which is even lower than during the Great Recession in 2008.”
I remember graduating high school in 2008, as bad as it was there was still an undercurrent of optimism that things would turn around and improve….
I don’t feel that sane sense of optimism at all in 2024.

[corrion]

The problem is they will eventually rewrite history saying that this is how it always has been 'no one ever owned anything'

[badass]

GDP is one of the worst metrics to measure how well an economy is doing.

What we should look like is purchasing power.

[Dexter]

Yet again we are reminded of the failure we are for the fault of "not being landowners and/or stockholders by the age of 5"...

[tylerdphoto]

This guy is making a living by telling us that we aren’t making a living.

[Almneur]

The rise of credit is what caused the fall of the middle class. They rise the price of college, cars, homes, food and fuel while at the same time give you more credit cards and loans.

[norwegianblue]

The house my parents bought in 1975 was $70k. Current value is $1.8 million. Wages have not gone up 25x since then.

[oherroprease]

Us “young” millennials are screwed too. I was 27 when the pandemic happened and was saving for a house. My gf and I were left behind, we simply can’t afford a home now. I have friends on both sides, those that bought a home just before 2020 and are now set for life versus those of us that weren’t quite there yet and now are perpetually stuck.

[st]

The question is why are Americans protesting about Palestine and not this shit? What are you guys doing man?

[dusanstojsin]

This is so true. It feels like in a few years you literally won't be able to have a normal life if you weren't born into a rich family if nothing changes. All my "middle class" friends are struggling like crazy to find jobs, and even if they find one it's some minimum wage garbage, none of them have had girlfriends, haven't been on a vacation in years and some of them can't afford college or even a car, meanwhile all the rich kids are living it up with their expensive cars, moving to a different country, having a different hot girl every month or just getting married and having kids and working at their parents' company and not even needing to go to college.

[DaliTaliani-wzti]

For a long time, the idea of achieving long-term financial security felt out of reach for me, especially since I started contributing much later than most. I realized that relying on ETFs alone wouldn’t be enough for me. After some research, I found a strategy with a better approach that helped me retire with $6 million. Just sharing my experience, I know everyone’s journey is different

[TheMuttFromTacoTown]

Hard work doesn't breed wealth. Wealth breeds wealth. . .

[Really_Brooks]

The American dream should've been kept alive. Now we have a whole class segregated.

[MikeFrazee]

It's called the American Dream cause you have to be asleep to believe it.

[do_it_for_content]

Just a correction, the stimulus checks certainly did not amount to $5 trillion. They came out to around $800 billion total over the 3 checks ($1200, $600, $1400). The $5 trillion was what was pumped into the stock market to keep it afloat over 5 days.

[edwardlee]

My oldest child is Gen Z. I fear for her future.
I also have a Gen Alpha. They will NOT HAVE a future.

[Spiral.Dynamics]

Wages are not keeping up with costs. And with the recent price hikes people just cannot afford to live anymore. Wages are treated like a cost to be lowered by monopolies instead of a person who deserves a living wage.