How Inflation Has Changed the Middle Class
The Rachel Cruze Show
Ramsey Network
4.8 • 3.6K Ratings
🗓️ 29 August 2022
⏱️ 25 minutes
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Transcript
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| 0:00.0 | You don't have to have a net worth of $1.7 million to be financially comfortable if you |
| 0:10.2 | have margin, if you're following the baby steps, and you're doing the things that you have |
| 0:14.3 | to do for yourself in the present and the future. |
| 0:16.8 | You actually can start achieving those things right now. |
| 0:20.8 | Hey guys, welcome to this episode of the Rachel Crucio podcast. |
| 0:25.5 | I'm so glad that you're here. |
| 0:28.1 | In this episode, we're going to talk about how inflation has affected the middle class. |
| 0:32.7 | I'm going to go over what it means to be, quote unquote, financially comfortable. |
| 0:37.6 | Some people think it means having over a million dollars in the bank, but is that true? |
| 0:42.9 | Let's talk about it. |
| 0:44.6 | We all love going to the movie theater, but doesn't make sense financially. |
| 0:49.5 | We're going to talk through a few sneaky ways that movie theaters try to get you to spend |
| 0:53.8 | more money, and I'll give you some insider tips of how to get around those tactics. |
| 0:59.8 | But first, let's go over some ways on how to budget on a change of income due to inflation. |
| 1:05.0 | So take a listen. |
| 1:06.6 | So the middle class today, the income range is considered middle class for a single American, |
| 1:11.9 | is about $30,000 to $90,000. |
| 1:15.1 | For a three-person family, it's about $52,000 to $156,000. |
| 1:22.4 | That range is considered a middle class, again, for a three-person family. |
| 1:25.8 | Now, think back to 2010, and the median income for middle class was a little under $80,000 |
| 1:33.4 | for a family of three. |
| 1:36.2 | So $80,000, now it's $156,000 on the high end. |
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