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.

[abhiseshakana]

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.

based on my previous experiences, the higher the income, the greater the temptation of lifestyle inflation, many people especially younger generation, when have additional income, or even before has it, already plan to upfrade home, vehicle, new gadged and improve social live style which actually not basic needed only a form of lifestyle adjustment to their near society. For me saving is important for financial resilience, reducing economic stress and also making space if we caught on crisis accidentally. Todays phenomena many people focus on saving for small thing but  but ignore large expenses, such as high installment, hanging out too many for social lifestyle and do impulsive buying or unnecessary subscription. Many middle class people look wealthy, but their cash flow is fragile because their lifestyle grows faster than their assets.

[justdimin]

I dont think the middle is always playing by these rules. Often they will try to find methods to make money that are unconventional but it works and they are able to come out of their 9-5 job roles.

Still the basic system of job>income>wealth is not wrong. How else will you be able to make money? You cant think about setting up a business on your own at young age unless you are some genius in marketing.

What makes a difference is that many of these people get into income generation but squander away the money in things they dont need. The saving needs to be started at younger age.

Job>income>save>invest>wealth is also alternative for some.
There is of course tree branches of that. So let's assume you save 10% of your salary, and the other 90% goes to living.

You have a job, and income, 90% of that goes to living, the other 10% goes to saving, then what you save, you invest, and when you invest, you should be making profit, and do that for 30 years, and you retire wealthy. That is at least the goal, not everyone does that, some invest and lose it all, but that's generally the way some people get rich.

[Satofan44]

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.

Complete nonsense. 0.1% of young people making it through any means is not equal to "young people taking advantage of anything". The reality is that most of the current young people are extremely stupid, many in the USA are not even literate -- yes I am talking about reading and writing literacy, not technological skills. Meanwhile you want to say that they are utilizing all modern inventions as an escape velocity. Being an influencer does not make you a successful case of utilizing of modern technology, it makes you an online prostitute. Know the difference.   I can't say for sure, but based on school metrics the current youth is much more stupid than the previous generations. Test scores show that and we are even using tests on them that were extremely softened compared to the golden days.

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

It was always the same. Just because the times are a bit harder than they were in the previous period, that does not mean that there is an extreme difference. What you think was a middle class family 50 years ago or whatever time you are looking at has nothing to do with reality. You are looking at examples, data, from movies, online sources on the most well-off and rare middle class families (often from USA if the source is movies or TV shows). That was not the reality of a middle class family before. Perhaps before blaming the whole system, would you consider blaming yourself and other people in similar positions? Here are the facts:

• 1. Most people are terrible employees, regardless of job type.
• 2. Most people have some sort of debt that they do not need, like that shiny new car that you can't afford.
• 3. Most people buy all sorts of useless shit that they don't need, or shit that they shouldn't buy at all.

How about taking responsibility instead of blaming the world? How do you think that world conditions come to be? Someone waves a magic wand and decides it should be how it is? It is the result of a collective output of the majority of humans, therefore the most likely idea is that you and everyone you know is also at fault for the state of things.

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

For sure skipping school is a great idea. It will lead to a great life. Do you even have any idea how stupid people get if they are less educated and reach a good amount of money? They have terrible lives with endless drama, chaos and negative things happens, it is better to be poor and educated or wise than it is to be rich and stupid.

[bubilas]

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

I know exactly what you mean. In general, it seems to be inherent in human evolution that children never agree to go through a difficult work path, because they see how difficult it is for parents and, of course, they see their peers who are more successful for some reason of their own. But again, the question is: what is the way out for these children from the middle classes if they do not agree with the way their parents are going? through university, part-time jobs are constant savings on yourself. What can they do about it? Will they engage in some kind of illegal activity that brings in more money? But then they would be at risk of going to jail. Such children need to look for breakthrough ways to make money. The cryptocurrency world or business, for example.

[Crypto_Timothy]

I like to think it has always been about ownership and assets but as we know it, people started adapting to bare minimum and generational just started trying to survive enough and that became like this new normal. Everyone now just wants to be rich and own anything they want to do before now the concept of creating your own would sound expensive and time consuming but as we can see in common times alot of youths are stepping up to own solution to problems around them.

[Yeesha]

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.

You are absolutely right, despite the fact that some people are from middle family, they spents a lot on the ways of acquiring knowledge, it is not only the riches that does that. When it comes to education some middle class people give it their all, without listening to other people's opinions. Because due to the economic status and how the educational system is operating some people failed to training their children through school. If you save for the future you are safe, because it will be beneficial for you in terms of emergency. You don't have to force yourself to follow other people's opinions, just live your life in a way that pleases you without introducting any regrettable circumstances.

[alastantiger]

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

The middle class are no longer cutting it because in most part of the country there is nothing like middle class anymore what we have are just the rich and the poor. The bare minimum is for people to be able to afford food clothing and shelter but the conditions of the economy in most country has made it impossible for people to be able to achieve this easily as they used to do because the wages and salary being paid are no longer sufficient to sustain life.

The rich are getting richer while the poor are getting poorer, asset are no longer accessible to the poor because they are only being shared between the rich that is why they keep getting richer but it is only few assets like Bitcoin that has given everybody a fair playing ground again which is why investing into Bitcoin is very necessary to be able to escape poverty right now. To be able to become wealthy you have to understand the power of investing which those in the poor class hardly get the chance to understand because they are busy living from hand to mouth that is why we have no middle class anymore.