The Middle Class is Shrinking: What That Means for You! #545

How to Money

iHeartPodcasts

Business, Investing, Education

4.6 • 3.2K Ratings

🗓️ 27 July 2022

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

We, as human beings, avoid pain. Nobody likes to break their collarbone while snowboarding, cut their finger while chopping up some veggies, or even stub their toe on the leg of the high chair. And of course that immediate pain communicates to us that something is wrong- it keeps us from further hurting ourselves. But then oftentimes there is some inflammation or swelling that occurs after the fact. And that’s not a sign that you’re hurting yourself, but it can actually be the first steps that your body is taking in order to heal your injury. So in a way that ongoing pain from any swelling could be seen as a good thing! Though uncomfortable, it can be a sign of forward-looking health. And similarly, we’re attempting to take a more positive approach to what seems like the disconcerting problem of a shrinking middle class. We actually think there is more good than bad happening with a middle class that seems to be hollowing out. Listen to find out why this seems like a bad trend at first glance, who has been climbing the financial ranks, who is actually considered ‘rich’, what this means for you, and then finally what you can do to get ahead with your finances.

During this episode we enjoyed a Stiegl Radler Zitrone (fancy-speak for lemon)! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

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Transcript

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0:00.0	My name is Joshua Topolsky and I have a new podcast called What Future.
0:04.5	But I want to tell you that I'm being forced by my producer to record a promo telling you about my show.
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0:12.6	And maybe you're not interested in internet culture and the future of life on planet Earth.
0:18.1	And why John Carpenter movies are so good.
0:20.6	You may just want to listen to a podcast about, I don't know, sports or whatever Joe Rogan talks about.
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0:28.4	But if you like what you're hearing and I know that you do, you can listen to all of what future on the I Heart Radio app, Apple podcasts or wherever you get your podcasts.
0:58.4	The podcast and that's what you really missed brings you back to the choir room for a gloriously gleeky rewatch of all six masterfully musical seasons of Glee.
1:19.4	Join cast members Kevin MacKale and Jenna Uschkewitz for never before heard stories from the cast, crew, celebrities and you, the fans from McKinley High to New York City, from the choir room to nationals and from the Super Bowl to a world tour.
1:32.9	Listen to and that's what you really missed on the I Heart Radio app, Apple podcasts or wherever you get your podcasts.
1:39.4	Welcome to Hadamani. I'm Joel and I am Matt.
1:43.4	And today we're discussing how the middle class is shrinking and what that means for you.
1:48.9	That is right, dude. We are talking about the middle class and you said how it's shrinking, which immediately made me think about honey, I shrink the kids.
2:14.9	Please tell me you watched that movie as a kid. So I rewatch it maybe like nine months ago with the kids.
2:19.9	Oh my gosh, trying to get into some of those live action totally hold up. It's it was pretty good.
2:24.9	So it's pretty good still. I'm glad to hear that because I dance in the little totally one of my favorite movies as a little kid.
2:29.9	Tall blades of grass to watch. And then that kid comes to mode along.
2:32.9	Yeah, he had headphones on right? Like a walkman or is that what they're called? It's like a radio walk.
2:39.9	Oh, it wasn't like a disc man yet. Yeah, I think they were still the wagons with except tapes. What was the dad's name? The nerdy guy Wayne Zalinsky?
2:45.9	But what was his what's what's that actor's name? Oh the actor's name. Oh, uh, was he think of it? He was so written.
2:52.9	Rick Moranis. Yes. Oh my gosh. I'm terrible remembering names, but man, I can picture his face today looking through that magnifying glass.
	...

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