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What's Happening to the Middle Class? | Episode 472

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Manage episode 421910917 series 1082285
Content provided by Jesse McFie and Wealth Talks Podcast. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jesse McFie and Wealth Talks Podcast or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

If the money you save isn’t earning anything, it is losing value. That’s horrible news, but it’s the truth.

We were on a business call with Alex just the other day and he asked, what is happening to the middle class?

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’t outpace inflation, or at least keep up with it, you are falling behind.

Follow the Wealth Talks Podcast on:

Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA==

Facebook: https://www.facebook.com/profile.php?id=61554798231074

Listen to the Wealth Talks Podcast on:

Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163

Spotify: https://open.spotify.com/show/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8

Youtube Music: https://music.youtube.com/playlist?list=PLwU1nBBz00on-wImV9bLClndzJhc0a2eu

Watch on YouTube: https://www.youtube.com/@wealth-talks-podcast

  continue reading

478 episodes

Artwork
iconShare
 
Manage episode 421910917 series 1082285
Content provided by Jesse McFie and Wealth Talks Podcast. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jesse McFie and Wealth Talks Podcast or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

If the money you save isn’t earning anything, it is losing value. That’s horrible news, but it’s the truth.

We were on a business call with Alex just the other day and he asked, what is happening to the middle class?

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’t outpace inflation, or at least keep up with it, you are falling behind.

Follow the Wealth Talks Podcast on:

Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA==

Facebook: https://www.facebook.com/profile.php?id=61554798231074

Listen to the Wealth Talks Podcast on:

Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163

Spotify: https://open.spotify.com/show/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8

Youtube Music: https://music.youtube.com/playlist?list=PLwU1nBBz00on-wImV9bLClndzJhc0a2eu

Watch on YouTube: https://www.youtube.com/@wealth-talks-podcast

  continue reading

478 episodes

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