4.4 • 1.1K Ratings
🗓️ 26 September 2024
⏱️ 5 minutes
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0:00.0 | The middle class is |
0:05.0 | class is disappearing and here is what is killing it. |
0:09.0 | The middle class has been slowly disappearing for a number of decades now. |
0:12.0 | Over the past 50 years the percentage of |
0:14.2 | Americans in the middle class plummeted from 61% to 50% and I've only got to tell |
0:20.1 | you I see it getting worse from here. Of course, there's a number of systemic and economic factors |
0:25.6 | that go into this tightening of the middle class. |
0:27.4 | For one thing, inflation over the past few years |
0:30.0 | has hit the middle class especially hard. |
0:32.3 | But there's also a handful of big mistakes |
0:34.5 | that people make that hinder their progress |
0:36.6 | towards financial freedom. |
0:38.0 | And today we're gonna explore five major money pitfalls |
0:41.2 | that the middle class faces right now. |
0:43.0 | And if you're ready to transform your financial situation |
0:46.0 | and start building wealth, then let's get into it. |
0:49.0 | Write these down. |
0:50.0 | Number one, they're buying liabilities. |
0:52.0 | Liability is anything that takes money out of your pocket |
0:54.7 | every single month. |
0:55.8 | Your mortgage, your car payment, credit cards. |
0:58.3 | Have you seen credit card interest rates right now? |
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