What's Happening to the Middle Class? | Episode 472
If the money you save isn\u2019t earning anything, it is losing value. That\u2019s horrible news, but it\u2019s the truth.\xa0
We were on a business call with Alex just the other day and he asked, what is happening to the middle class?\xa0
Middle class is defined largely by household income adjusted for household members. Anything from about 50k/150k of income per person is considered middle class right now.
The most obvious thing that hurts the middle class is Inflation.
Inflation is stealing the value from your money every day and if your savings can\u2019t outpace inflation, or at least keep up with it, you are falling behind.
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