Why the middle class mindset is no longer cutting it.

[Leahized]

This is the problem everyone has to navigate at some point of their life’s. The struggle would always be there, it doesn’t matter what you are earning at the time and should you entertain the idea that you need to save yourself or live at some level of comfort, you would see the need why you should displease yourself today to better your tomorrow.

Yes everyone faces problems in real life and takes various steps to get rid of those problems. But the situation of a middle class is not very good. They have to struggle a lot and work hard to manage their lives. Because I am a child of a middle class family and I know exactly where things go. As I have seen since childhood, there are days when there was no situation to live well.But now the situation has turned for the better and there are extra savings to invest in Bitcoin. But this is not possible for everyone as not all middle class families have extra income.

[barbara44]

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.

I thought you are going to say that in today's economy, a company can now value a skill more than a diploma (which was true though). One example is just how content creators change their life from poor to rich. Many of them are even under grads or don't even reached college education at all. But that is still correct though that even a fresh graduate now, may still find it hard to get employed.

The reason is maybe there is truly a lack of positions and then being hired got stricter now, that one needs to have a backer or has a close person or relative inside the company. But maybe that is also due the scarcity of positions. Newer technologies can still offer us a source of income as long as we study them and be consistent on it. IMO to have an education background (preferably a higher one) is still an advantage.

[Faisal2202]

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

And then someone will say our parents used to earn less than we are earning and still they lived a happier life. That is a harsh reality of the economy and where it has reached, but for those who own assets and leverage information, this is like a haven because more inflation means more printing or vice versa, and that means their assets will do better in the long run depending on demand and some other factors, but so far that is a win for them like BTC owners or gold owners maybe.

Younger people have a lot to manage these days, it was easier before from what I heard from my elders, but these days you have to do multiple jobs and manage more work and the salary is still not enough. The salary they are giving these days is almost enough to run a family, you can't even travel to another city in your own country, you can't do anything else, you can only spend your time with your family, and your first dream is to get out of this system and start a business. Only a few people can start their own business because their situation and increasing inflation keeps them in their place and makes it even worse. But your reasoning is correct and we have to think out of the box in order to survive.

[AmoreJaz]

This is the problem everyone has to navigate at some point of their life’s. The struggle would always be there, it doesn’t matter what you are earning at the time and should you entertain the idea that you need to save yourself or live at some level of comfort, you would see the need why you should displease yourself today to better your tomorrow.

Yes everyone faces problems in real life and takes various steps to get rid of those problems. But the situation of a middle class is not very good. They have to struggle a lot and work hard to manage their lives. Because I am a child of a middle class family and I know exactly where things go. As I have seen since childhood, there are days when there was no situation to live well.But now the situation has turned for the better and there are extra savings to invest in Bitcoin. But this is not possible for everyone as not all middle class families have extra income.

Even if you are in the middle class, for sure, you will find out that there's a lot to do. Thus, you will spend a lot as well. But no matter what the economic status you have, it is always best to save as much as you can. Check your expenditures and find out where you can save some. Because in most cases, you are only buying some luxury goods and not your basic ones.