Why the middle class mindset is no longer cutting it.

[CTO114]

The middle class timeline has always been simple; get education, a stable, acquire a home, and slowly begin to accumulate wealth bit by bit. Prior to this time an average person or household has the same mentality of following that trajectory.

But in today's economy such mindset is proven to be non efficient because; inflation outdoes savings, housing outpaces wages on offer, and technology outpaces labour adoption.

On the flip side, what actually works in the economy today is; asset ownership, leverage and information.

Are we starting to see the reason why younger persons don't feel the need to follow the middle class trajectory of working hard?

What we're understanding is the system requires working smart, acquiring information, taking advantage of the times and attention, and ultimately acquiring assets

[Zlantann]

The middle class timeline has always been simple; get education, a stable, acquire a home, and slowly begin to accumulate wealth bit by bit. Prior to this time an average person or household has the same mentality of following that trajectory.

But in today's economy such mindset is proven to be non efficient because; inflation outdoes savings, housing outpaces wages on offer, and technology outpaces labour adoption.

On the flip side, what actually works in the economy today is; asset ownership, leverage and information.

Are we starting to see the reason why younger persons don't feel the need to follow the middle class trajectory of working hard?

What we're understanding is the system requires working smart, acquiring information, taking advantage of the times and attention, and ultimately acquiring assets

While growing up. There were many middle-class families in my area. These people are not rich, but they can afford everything they need to survive. They own their homes and have access to quality education and healthcare. They had discretionary income, which could be invested in different businesses and assets. Stable jobs at that time could offer stability to middle-class families.

In my country, the middle class began to decline due to a high rate of unemployment, corruption and inflation. Corruption led to Inadequate infrastructure and public services. Quality healthcare, housing, and education became so expensive that the middle class can no longer easily afford them. Corruption also made the income gap between the rich and the poor increase, causing many middle-class families to drop to the poverty level.

Younger people are taking advantage of the opportunity the offers by ICT, such as social media, AI, and other modern digital technologies, to escape from the lower class. Content creation has been a good means of avoiding the middle-class trajectory of stable income. Some of these youths are not so interested in 8-5 stable jobs. Rather, they want to build a brand that will move them to the higher income level.

[Realwhot]

This isn't just the middle class. You must have heard about the matrix. Where people are conditioned to just follow the traditional route of going to school, get a job, start family and that's it. But people are begining to wake up and they are getting to know that only those who are brave enough to do things differently that can really attain real succes.
The middle class that you talk about is people being comfortable in mediocrity and being comfortable doesn't get you to your goals

[Byebyebtc]

Gone are the days where you ask a teenager what he or she will like to be in future and they say doctor or engineers etc.. there are just few.
And this is because they have seen the imbalance between governments provision and citizens spending,

And this might not really be good for the future, because we might have limited workers in the society, so it's better the government finds a way to balance Evey thing supply and demand

[Cryptomultiplier]

The middle class timeline has always been simple; get education, a stable, acquire a home, and slowly begin to accumulate wealth bit by bit. Prior to this time an average person or household has the same mentality of following that trajectory.

But in today's economy such mindset is proven to be non efficient because; inflation outdoes savings, housing outpaces wages on offer, and technology outpaces labour adoption.

On the flip side, what actually works in the economy today is; asset ownership, leverage and information.

Are we starting to see the reason why younger persons don't feel the need to follow the middle class trajectory of working hard?

What we're understanding is the system requires working smart, acquiring information, taking advantage of the times and attention, and ultimately acquiring assets

While growing up. There were many middle-class families in my area. These people are not rich, but they can afford everything they need to survive. They own their homes and have access to quality education and healthcare. They had discretionary income, which could be invested in different businesses and assets. Stable jobs at that time could offer stability to middle-class families.

In my country, the middle class began to decline due to a high rate of unemployment, corruption and inflation. Corruption led to Inadequate infrastructure and public services. Quality healthcare, housing, and education became so expensive that the middle class can no longer easily afford them. Corruption also made the income gap between the rich and the poor increase, causing many middle-class families to drop to the poverty level.

Younger people are taking advantage of the opportunity the offers by ICT, such as social media, AI, and other modern digital technologies, to escape from the lower class. Content creation has been a good means of avoiding the middle-class trajectory of stable income. Some of these youths are not so interested in 8-5 stable jobs. Rather, they want to build a brand that will move them to the higher income level.

The rise of AI inclusivity and its technology has made content creation and personal business branding become easier to achieve and scale because the advent of cryptocurrency has helped close the border gap and someone sitting in his home on an Internet connected device can do remote jobs and get paid in their preferred currency without waiting for a basic salary or waiting on pension before they invest into high yield asset like Bitcoin accumulation for wealth growth and diversification into other notable asset class.

It's no more about working hard doing a 9-5 job, but more about ones access to digital information and systems that operate with just sheer knowledge and applications.

[slapper]

The middle-class model didn't work partly because it made the assumption that if you did this, you would get this reward. Do the steps and get the result. The problem with it was that the system below failed to uphold the tacit agreement. And the new framework also implies some sort of causal reliability. Learn and gain the right information, make the right moves, accumulate. But the crypto portfolios that went to zero don't get threaded. Businesses that failed in the second year are not in anyone's spotlight.

Attention economy especially. Yes, there is real opportunity due to information asymmetry. That's reported on sufficient examples to be believable. However, attention is limited and millions of people want it for the same thing, at the same time. Most of the people playing in that competition are not the ones who are earning money out of it, the platforms are.

[alani123]

Why do you think that asset ownership works?
Owning a residential house right now in the majority of cases is still a worse financial decision than putting a lump sum in the S&P500. And this has been consistent too. The economy has been proven to be absurd with consistency.

A financial crash happens, central banks bail markets out, most people become poorer, markets keep getting bigger pieces of the pie... Same shit over and over again. Individual asset ownership is in its final blow. It all has to be commoditized now. This is what brings growth. The big question is what will this big geniuses do to prevent a collapse when even the last working person can't save anything. Are they happy with this situation when more and more people can't save or increase their consumption in any given month?

[Davidvictorson]

I don’t think the middle class mindset has changed in anyway. It is still the same. Unless you are from old money and had wealth passed down to you, it is still the same mindset. And you want to know why? That’s because of Maslow’s hierarchy of needs. There are some needs that must be met before one can have a change and aspires for higher needs and until that is met, the average middle class mentality will always remain get an education, a stable, acquire a home, and slowly begin to accumulate wealth bit by bit just like you already wrote.

[Fortify]

The middle class timeline has always been simple; get education, a stable, acquire a home, and slowly begin to accumulate wealth bit by bit. Prior to this time an average person or household has the same mentality of following that trajectory.

But in today's economy such mindset is proven to be non efficient because; inflation outdoes savings, housing outpaces wages on offer, and technology outpaces labour adoption.

On the flip side, what actually works in the economy today is; asset ownership, leverage and information.

Are we starting to see the reason why younger persons don't feel the need to follow the middle class trajectory of working hard?

What we're understanding is the system requires working smart, acquiring information, taking advantage of the times and attention, and ultimately acquiring assets

It's not completely out of steam, but it's heading that way. Depending on where you live there are still a few skilled jobs that command high enough wages to sustain a family, but usually with a provision that you live in a couple and both are working even if one is not full time. However the job market is tightening in terms of available jobs and competition with tech companies always trying to downsize, automate or use AI to complete new roles. So you have to assume that almost every job will face competition from these angles at some point, even if you're not outright replaced, if a large part of your job can be done by better tech then you might find yourself on lower pay as other people compete for the position. You have to be nimble and prepared to reinvent your skills, or find a unique selling point for yourself like speed, intelligence, happiness, sales skills, etc.

[sunsilk]

It still depends on how the person sees where they are going with their lives in the future. Wealth accumulation is easy to say but going there in actuality is hard.

That's why if you call that mindset as 'middle class mindset'. It is not wrong to think of that. We have all simple dreams and the majority came from the bottom and not born with silver spoon.

But even in this era of information, always all strategies are published and being talked about but it all lies to how persistent and serious they are of going to the top and become financially free.

I understand those who think very simple but it's a sad truth that inflation is hitting all of us and that dream of owning a house and stuff is remaining to be a dream.

[Majestic-milf]

 When you can't change according to the times, you're considered stagnant and stale in information seeking so yes, it will be a stupid idea to be stuck with a concept that won't yield the results.
The goal is to have as much assets you've invested in if your aim is to follow the pattern of a middle-class person.
Watch how those who are rich continue looking for ways to get richer and you'd understand that wealth doesn't come by making decisions based off of actions or past trends.

[rat03gopoh]

But in today's economy such mindset is proven to be non efficient because; inflation outdoes savings, housing outpaces wages on offer, and technology outpaces labour adoption.

All of this is part of the process of gaining education and information, even for the middle class. The key is that all information is accessible to everyone. Essentially, achieving a stable life has many perspectives and paths. Living in an agrarian environment with abundant agricultural income, you'll have a stable life, quality food, unlimited access to healthcare, and a property collection without worrying about inflation.

[Finestream]

Simply put, what people need these days are human-centric innovation, digital literacy and critical thinking, and adaptability and continuous learning. If you fail to acquire these, regardless of the class you are in, you will never make a difference in your life.

Gone are the days where goals and methods are mostly traditional, now we are seeing the technology or digital era. This is not all about having on top the high class and the middle class, but this is the era that even the poor class will excel if they become more tech-savvy and can easily adjust and solve the real world problems and can enhance genuine connection.

[Rgram]

What we're understanding is the system requires working smart, acquiring information, taking advantage of the times and attention, and ultimately acquiring assets

Life in itself is dynamic and the one way to win with the world, is to change with it.
The world has always being in a constant and rapid development. What made the rounds at certain time wouldn’t matter much at other times. Being in the middle class has always guaranteed some stability and came with some level of security but now, being in the middle class simply means, you’re steps away from falling further to the lower class. It therefore pushes you to expand and find best models to getting better result or get swallowed.
The models to life has got to change.

[Russlenat]

I think the middle class mindset still works at the current era. But there should be more innovation made to easily access information and gain faster achievements compared to the timeline set from those traditional middle class system. It's like its already insufficient and less effective following the old mindset, though success still possible but it may take longer than it seems.

The world is changing, and so people's mindset is. We need to adjust and adapt the current system, by applying the lessons we have learned way back then.

[Accardo]

Middle class does not exist, the world is ran by the rich and poor, this term 'middle class' is a deceit that helps comfortable people think they belong to a class above the poverty range. Watch how easily they go back to not having enough to finance an extravagant life like they used to after a period of high inflation. People in this category have the worse kind of advice for the young and growing people, that's the reason behind nobody goes close to trying what they say, their words surrounds around waiting for opportunity, instead of creating one for themselves and other people. Which is the reason why the rich excel much better than them, they'll rather live in a world that offers cars, houses, and paying bills as success, than create a job.  

[abhiseshakana]

I agree with you about major shift on younger generation see and follow traditional path to success  but this change actually more faster due to open information and attention economy era which change the way society give recognition. In this figital era,young influencer content creator and digital aset owner  gain money, influence more quickly than old paths, and then social recognition no longer given to most stable but to the most visible, growing fast and can attract attention. I see now, social validation very important for young generation and all because social media. So not only strategy which change but also success definition itself also change.

Beside that from my observation, biggest mistake young generation make today, they start to assume working smart means no longer needing financial discipline, so many of them leaving stability for speculation but the don't maintain or concern on cashflow stability, risk management, productive asset and time which are combination to build and stack wealth. Old path foundation very relevan for me but younger generation need to update and upgrade strategy.

[viljy]

If you think about it, the middle class has always been unnatural for real capitalism. It is as unnatural as a welfare state. The middle class was created after World War II only as a counterweight to the threat of socialism/communism. After the USSR collapsed, there was no need to support the middle class.

On the other hand, capitalism has reached its final stage, it has nowhere to grow further, and it remains only to inflate bubbles in financial markets that will burst sooner or later. It's scary to imagine what kind of system will replace capitalism. It's probably something much worse than socialism.

Total biological and technological control over people who will be reduced to the level of cattle for growing organs, or for the entertainment of several hundred superrich. In general, there are many books and films in the genre of dystopia, which roughly outline such a future world order.

Perhaps one day these "genetic containers of organs" will tell each other legends about the middle class, about the "golden age" (the second half of the 20th century) when each generation lived better than their parents...

[Hypnotizer]

The middle class timeline has always been simple; get education, a stable, acquire a home, and slowly begin to accumulate wealth bit by bit. Prior to this time an average person or household has the same mentality of following that trajectory.

But in today's economy such mindset is proven to be non efficient because; inflation outdoes savings, housing outpaces wages on offer, and technology outpaces labour adoption.

You know why that kinda mindset was able to thrive way back? It is because there were very high employment rates and opportunities for whom so ever get education and a college degree but in today’s economy that is totally gone, no promised employment and the labor force is significantly reduced because of AI and technological advancement.

In this economy, you need more than just education before you can afford a d stable life, you need skills and information that would generate you income.

[Fragrance1122]

The middle class timeline has always been simple; get education, a stable, acquire a home, and slowly begin to accumulate wealth bit by bit. Prior to this time an average person or household has the same mentality of following that trajectory.

But in today's economy such mindset is proven to be non efficient because; inflation outdoes savings, housing outpaces wages on offer, and technology outpaces labour adoption.

You know why that kinda mindset was able to thrive way back? It is because there were very high employment rates and opportunities for whom so ever get education and a college degree but in today’s economy that is totally gone, no promised employment and the labor force is significantly reduced because of AI and technological advancement.

In this economy, you need more than just education before you can afford a d stable life, you need skills and information that would generate you income.

True, it is better for the youth to acquire the knowledge accordingly to the modern era in order to make themselves safe in future. However if they are not lucky enough to study because of their financial conditions or domestic issues, it is better for them to make themselves expert in specific fields like health care services , food and beverages services like becoming a professional chef, repairing and maintenance services etc. It is not necessary to start with the higher rank. better to learn everything from the beginning and start from bottom and you will slowly be upgraded. It is necessary so that you know all the pros and cons of the concern field from top to bottom.