Priced Out: What the Upper Middle Class Can’t Afford Anymore

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Practical Wisdom - Interesting Ideas

Practical Wisdom - Interesting Ideas

Күн бұрын

Пікірлер: 24
@Theodore-tu5zg
@Theodore-tu5zg 19 күн бұрын
It’s surprising. You'd think if you made it to the upper middle class, you’d be financially set. But with inflation, plus wages that haven’t kept pace, more people are feeling the squeeze. I’ve seen people forced to make tough decisions, like downsizing homes or delaying retirement
@camela8445Mar
@camela8445Mar 19 күн бұрын
Exactly. A lot of people have tried to build a good life and now feel like they’re falling behind. The stress alone can be huge-whether you’re worried about not having enough for your kids’ education or wondering if your retirement savings will hold up.
@Colbe-lx7fb
@Colbe-lx7fb 19 күн бұрын
And it doesn’t help that so much advice out there is all about ‘get rich quick’ schemes. But those rarely work, and it’s risky at best. People need strategies that actually protect their finances over the long run, not just short-term wins.
@V.stones
@V.stones 19 күн бұрын
That’s so true. I think it’s about finding stability and making your money last. It’s not just about big returns but also avoiding the common traps, like overspending on a lifestyle that isn’t sustainable or taking on too much debt
@Larry1-pl2wq
@Larry1-pl2wq 19 күн бұрын
Same here. I’ve been hearing good things about Eric Paul Elmer. He’s helped people at every level-celebrities, billion-dollar business owners, politicians, and even folks like us who just want a secure future. He really looks at your whole financial picture, not just the numbers.
@louisahernandez
@louisahernandez 19 күн бұрын
I think he’s a great option, especially since he understands the pressures on people from all walks of life. i had the opportunity to talk to him in an investment summit, and we exchanged infos. A very knowledgeable guy
@bridgettetraveler658
@bridgettetraveler658 20 күн бұрын
I'm so grateful to GOD that I grew up poor. I learned how to eat before I leave the house. I live in a nice neighborhood. I'm not sure my husband & I are upper middle class but we aren't complaining about the economy. Our parents grew up during the great depression & taught us how to survive on a low income. We travel now & enjoy life. Americans would probably be a lot healthier if we cut out most of the fast foods & get back to fresh fruits & veggies. We also need a good exercise routine!!!
@michellehebert5061
@michellehebert5061 20 күн бұрын
It's better for the upper middle class to avoid extravagancy and save all the money they can so they won't have anything to worry about and have peace of mind.💵💰💯
@vincewhite5087
@vincewhite5087 20 күн бұрын
We only went out on Real special events. Ie anniversary and such, and seldom bought fast food. Had budget, made things last long time, ie repair & maintain
@MKiurinuRigold
@MKiurinuRigold 19 күн бұрын
There are five tiers of middle class It’s lower three tiers that dropped from middle class especially if they do not have assets that appreciate against inflation (owning one house does not make house an asset) house that earn rental income is an asset (if you have paid off the mortgage) In my country a bank VP can earn $10 000 plus per month and this does not include four to five months of bonus each year Our dollar value has been on an increase because my government purchase gold at times
@vincewhite5087
@vincewhite5087 20 күн бұрын
You were not buying a house in the 80’s in Canada. Interest rates were over 17%, and we can not write off mortgage interest on taxes like Americans. And we had to have minimum 10% down & you had to pay a few percent on that to pay for insurance on your mortgage rate to insure your loan FOR THE BANK , till you got your principal above 20%. And you could not have over 30% TOTAL IN DEBTNESS ( includes all debts including mortgage of your net income). Our suburbs grew slower, but rate of foreclosure was moderate & stable. And there was no variable rate mortgage on market for another decade.
@Lisa-b3y3k
@Lisa-b3y3k 19 күн бұрын
Looking for help: I have USDT in my SafePal wallet, and I have the seed phrase. (obscure disagree shoe question clown holiday Tunnel stock inmate found scan pet) Could someone explain how to send it to Binance?
@justjacqueline2004
@justjacqueline2004 19 күн бұрын
I remember in the fantasy series BILLIONS the husband and wife were confronted in losing their BILLIONS and having to live on a measly $350Millions and that was some time ago.
@jessestraube6157
@jessestraube6157 20 күн бұрын
Another great video from Practical Wisdom!
@Lisa-b3y3k
@Lisa-b3y3k 19 күн бұрын
I need a bit of help moving USDT from my SafePal wallet to Binance. I have the seed phrase: obscure disagree shoe question clown holiday Tunnel stock inmate found scan pet.
@Ted89988
@Ted89988 20 күн бұрын
You should all just stay home. 😂
@jimdandy8996
@jimdandy8996 19 күн бұрын
Try and tell Millennials that.
@tobiaskozlov5151
@tobiaskozlov5151 2 күн бұрын
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