This Is Huge!! The Middle Class Is Being Wiped Out - It’s More Than What You Think

The middle class, once synonymous with the American dream, is now facing a starkly different reality. Today, they’ve experienced more losses compared to those earning higher incomes, saved less than those earning less, and are particularly vulnerable to the impacts of inflation. The Wall Street Journal suggests that the current environment makes it the worst time to buy a home instead of renting. Additionally, more Americans are financing their cars than ever before, with the average new car payment reaching $726 per month. The rise of “buy now, pay later“ is evident, as Americans are increasingly comfortable financing not only their cars but also their vacations to places like Cancun. This shift raises questions about how the middle class reached this point, experiencing financial pressure due to the escalating cost of living. The difficulty in affording possessions has led many Americans to opt for a payment-based approach, where they end up paying monthly without actually owning the items. If you found this video useful, please share it with a friend! Consider subscribing to the channel for videos on investing, business, the stock market, money management, wealth creation, passive income, and other finance-related topics! Subscribe now: -------------------------------------------------- Follow InvestoPads on Social Media: Twitter: Facebook: -------------------------------------------------- Business & Copyright Issues email: bprdmakeit@ DISCLAIMER: It’s important to note that I am not a financial adviser and you should research stocks to invest in. These are just some of the viewpoints, by no means would I recommend watching one YouTube video and immediately buying that stock. This video was made for educational and entertainment purposes only. Consult your financial adviser. 🎥 We own commercial licenses for all the content used in this video except parts about the topic that have been used under fair use. For any concerns or business inquiries don’t hesitate to contact us via email in the “About” section of the channel.