Why the middle class mindset is no longer cutting it.

[Junii]

There is some truth in what you are saying but i think it needs a little  polish  . First of all the traditional middle class path like education then  job after that home and savings is not broken but it has becomes slower and less reliable specially in many countries due to inflation and rising asset prices and slower wage growth. So yes  just saving from a salary alone often is not enough anymore to build wealth at the same pace as peoples did in the past. However it is not like that the old system is useless and only  assets and leverage  matters. The reality is that most people still need  stable income first because without that  investing and taking risks  or also buying assets becomes very difficult.  I think we need to change the method and the mindset as well. Like in the past discipline and long term saving were enough for a person but  now  peoples need an additional layer of income also  financial awareness and skill growth needed even some form of investing  alongside income is also necessary if the person need wealth in the long run.

[AmaGold70]

In our economy today, making smart decision, and getting informed is what can keep you on the safer side. Gone are the days when people are satisfied with the salary they earn, and the amount of money that is in their account, today the reverse is the case.
If you are doing a good job, possible a high paying job, it is a good opportunity for you to engage in smart investment, aquire assets, and encourage long term investment.
Because of the inflation that has engulfed our economy, salary earning is no longer enough, and cannot make you rich. Earning salary, and keeping your money in the bank can only cause you more financial crisis, but investment will give you financial freedom, and stability, now, and in the future.

[Cookdata]

In our economy today, making smart decision, and getting informed is what can keep you on the safer side. Gone are the days when people are satisfied with the salary they earn, and the amount of money that is in their account, today the reverse is the case.
If you are doing a good job, possible a high paying job, it is a good opportunity for you to engage in smart investment, aquire assets, and encourage long term investment.
Because of the inflation that has engulfed our economy, salary earning is no longer enough, and cannot make you rich. Earning salary, and keeping your money in the bank can only cause you more financial crisis, but investment will give you financial freedom, and stability, now, and in the future.

As bad as the economy looks, there are people that earn decent salary and don't do any work aside their main job. If you have seen salary scale of Chevron, shell and NLNG, such people don't think about side hustle, their salary foot their bills and it's very satisfying. These are tech companies though, the non tech companies pay salaries that are not worth your time, some non tech companies take home salary can't even pay for their transportation properly and yet they still show up from 7am till 4 pm.

If you live in a country where the minimum wage is considerable, you will have nothing to complain like others that are been paid penny for hard work. This is one of the main reasons why we have plenty of immigrants running from their countries to develop countries. Instead of suffering in their countries and getting paid penny, they prefer to suffer in another land where they will get paid something that worth their time and after converting to their local, they looks richer.

[Satofan44]

I feel it, where I have an income but this is not enough to fulfill my personal needs and external needs.
The income I get has to struggle with the hardships of my own life and that of my family because the needs of this family are only mine to fulfill.

Although this basically makes me proud because I can help my family's needs, on the other hand, it makes it difficult for me to fulfill my own needs like I want to

For example, as you said, I always set aside money from the income I get and it is done consistently, but some events make me unable to set aside money to save because of an unexpected event that is even beyond my own needs.

The primary drives from a personal perspective are failing to advance yourself personally since you have finished your last stage of education, most people think that they have done and barely advance at all for 30 years or more of their working life. This is not an issue of the system, it is a personal failure. The other thing is an ever expanding list of delusional "needs", not that long ago people were repairing clothes and things like that and now they have a "need" to go regularly shopping to check what is new, to have 10 subscriptions and all other bullshit. This again, is not a failure on the system, but a personal failure. Re-evaluate what is really needed.

In our economy today, making smart decision, and getting informed is what can keep you on the safer side. Gone are the days when people are satisfied with the salary they earn, and the amount of money that is in their account, today the reverse is the case.
If you are doing a good job, possible a high paying job, it is a good opportunity for you to engage in smart investment, aquire assets, and encourage long term investment.
Because of the inflation that has engulfed our economy, salary earning is no longer enough, and cannot make you rich. Earning salary, and keeping your money in the bank can only cause you more financial crisis, but investment will give you financial freedom, and stability, now, and in the future.

The system of the past has produced a generation of stagnant weaklings. The current generations should be experiencing hardship in order to become better, but all the endless consumption of brainless content on the internet has suppressed that and the current generations are weaker than ever before. There is an economic hardship that is going on, but the benefits of that are being suppressed by the developments of terrible modern technologies. Why bother to strive to raise up high when you can just complain that times are tough to others and then open your favorite shit app or watch an endless list of TV Shows or Movies on demand? The average idiot of modernity is so predictable. Most are using self-medication as a coping mechanism and think that they are making their own decisions.

[uneng]

The system of the past has produced a generation of stagnant weaklings. The current generations should be experiencing hardship in order to become better, but all the endless consumption of brainless content on the internet has suppressed that and the current generations are weaker than ever before. There is an economic hardship that is going on, but the benefits of that are being suppressed by the developments of terrible modern technologies. Why bother to strive to raise up high when you can just complain that times are tough to others and then open your favorite shit app or watch an endless list of TV Shows or Movies on demand? The average idiot of modernity is so predictable. Most are using self-medication as a coping mechanism and think that they are making their own decisions.

And it's all endorsed by political agendas, artistic class, media and modern lifestyle. The young generation is entitled to have, without doing anything in counterpart to deserve it. We live in a world which worship weakness and consider the truth or the pursue for the truth to be offensive.

If you don't share the same concept of life the modern generations have, you are cancelled. At same time, coincidence or not, middle class is vanishing in the air... We head into a world where or you are a miserable, or you are filthy rich. The extremes are everywhere, not only regards opinions, actions and behaviors, but also on financial aspect of life.

[Woodie]

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.

💯 Correct!
A house built for one to live in other than been used for rental income, Airbnb or whatever it is means it's a liability..and it's with this information that people of today are understanding this and not tying up capital in assets that are liquidity hungry and take some time to payback..

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?

More financial bailouts I guess.. maybe time for more tax holidays to allow people to save..

[Don Saga]

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

Maybe a little bit out of context, but there was a video I watched recently where an 8 years old boy was asked "what is your favorite cartoon " and he answered "what is a cartoon, do you mean ads"? That really got me so surprised and made me wonder what the world could be turning into.

This video could be scripted or real but an important message was passed across which I picked up. I'm against the idea of depriving kids from watching cartoons while growing because that's obviously a stage in life, but it is important to teach them online skills from an early age too. With what the world is turning into, every job could just go digital soon enough and the young ones need to be prepared for it.

[Gost ms]

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

Maybe a little bit out of context, but there was a video I watched recently where an 8 years old boy was asked "what is your favorite cartoon " and he answered "what is a cartoon, do you mean ads"? That really got me so surprised and made me wonder what the world could be turning into.

This video could be scripted or real but an important message was passed across which I picked up. I'm against the idea of depriving kids from watching cartoons while growing because that's obviously a stage in life, but it is important to teach them online skills from an early age too. With what the world is turning into, every job could just go digital soon enough and the young ones need to be prepared for it.

It seems that it is never right for children to do this. In most cases, we see that the disadvantages are more than the advantages. As soon as a child starts watching a mobile phone or cartoons, almost all of them become addicted to the mobile phone and their attention is diverted from their studies. It is never a good idea to give mobile phones to children. Yes, you can teach children about mobile phones or computers in school so that they do not lag behind. But it seems that never giving mobile phones to children at home will be a good idea.

[Asuspawer09]

I guess it's true because we always heard own parents saying that we should finish our education, we should study to be a doctor because of the the time doctors are rich, even engineers but at this time not really, I think we were already getting to the point where jobs is something that cannot really sustain a good living, that is why the meta is already changing the best thing to do is become entrepreneur, start some kind of business. And it is always an argument, but street smart is better than just being book smart, I mean, most of the time, they go straight to the difficult job, doing business already, rather than learning in school to learn something that they can use on a corporate job, something like that.

Everything is increasing its prices, the cost of living is just ridiculous these days, so you just need to do more things, you need to be smart if you really want to be something. Being in the middle class these days in my opinion, is not enough because of the cost of living, so you really need to climb to the top to feel like you are doing well in life. Here in my country, if you are going to add corruption in the government, it is going to be a huge headache for the people.

[hafiztalha]

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

Following any traditional path does not mean that someone is being trapped in mediocrity. It is not sign of lack of ambition that going to school getting a stable job, raising a family for many people they are responsible choices and that provide them security for the life , not everyone who choses their conventional career is afraid to take risk and similarly not everyone who try to do things differently becomes successful . There are examples of many businesses being failed because they have choose the conventional path and eventally they have to return to the traditional methods , success is becoming a subjective.
Just labelling middle class as “been comfortable in mediocrity “ overlooks their hard work and discipline and the sacrifices that many people make to achieve they goals into make their life better.

[Muba20]

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

Maybe a little bit out of context, but there was a video I watched recently where an 8 years old boy was asked "what is your favorite cartoon " and he answered "what is a cartoon, do you mean ads"? That really got me so surprised and made me wonder what the world could be turning into.

This video could be scripted or real but an important message was passed across which I picked up. I'm against the idea of depriving kids from watching cartoons while growing because that's obviously a stage in life, but it is important to teach them online skills from an early age too. With what the world is turning into, every job could just go digital soon enough and the young ones need to be prepared for it.

It seems that it is never right for children to do this. In most cases, we see that the disadvantages are more than the advantages. As soon as a child starts watching a mobile phone or cartoons, almost all of them become addicted to the mobile phone and their attention is diverted from their studies. It is never a good idea to give mobile phones to children. Yes, you can teach children about mobile phones or computers in school so that they do not lag behind. But it seems that never giving mobile phones to children at home will be a good idea.

If one cannot keep up with the advancement of technology, then it will definitely not be easy to expect anything good from him. In the modern era, if we think that children cannot handle mobile phones, then it will definitely be unreasonable because it is not possible to keep them away from it in any way. However, I must say that children who can see mobile phones should definitely be kept under control. In the case of those who are very young, it is better to avoid them completely, but no one can keep them away from them in any way.

I also believe that if someone still follows studies, jobs and old models, he can also live his later life well, but with time, these will no longer be effective for the future. A person cannot provide financial security for his life only with his permanent job. But of course, he must acquire knowledge in technical work along with his job. In addition to being an investor, he must also develop himself as an entrepreneur.

[slapper]

In our economy today, making smart decision, and getting informed is what can keep you on the safer side. Gone are the days when people are satisfied with the salary they earn, and the amount of money that is in their account, today the reverse is the case.
If you are doing a good job, possible a high paying job, it is a good opportunity for you to engage in smart investment, aquire assets, and encourage long term investment.
Because of the inflation that has engulfed our economy, salary earning is no longer enough, and cannot make you rich. Earning salary, and keeping your money in the bank can only cause you more financial crisis, but investment will give you financial freedom, and stability, now, and in the future.

Yes, the money in the bank is a slow drip.

"Buy assets" gets repeated so often that it begins to sound less like advice and more like a ritual. That individuals repeat without any question or interrogation of what it means for their context. It's the difference between the advice and the action that is where people get destroyed.

The key to real wealth building is largely a matter of avoiding losses. It's boring. It's slow. It's realising that you have a thing versus some influencer telling you to buy it. Reckless investment will certainly kill faster than inflation will. Inflation robs you of your buying power over the years. A bad trade takes your savings in an afternoon.

[Hamza2424]

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

Middle class is not in the middle class because they don't work. They do work and everyone has to work like them, but they are still there because they have considered themselves middle class and they are spending like rich, but still living like poor. It means their earnings are like poor, they spend like they are rich, they buy new phones and clothes, they tell themselves that they are rich, but they are not. They own nothing and live payday to payday.

Their purpose in life is to make a lot of money, but they are making zero effort for that because where they are they are happy because they have got this status of being middle class. As if they had a poor class status, their effort would be more than they are making now. But bro, the game depends on psychology. Also rich are getting richer because I have seen some reports that have made mind blowing deductions that a poor person loses IQ while a person when they have a lot of money does not lose IQ points, but it increases. The reason is simple, which is struggle, stress and all that. That's why when they get money, they could do a lot more with time if they stay consistent and on course.

[DrBeer]

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 would call this a global decline in living standards. There are plenty of reasons for this-global economic problems, natural disasters, wars... Nowadays, even a conflict that was once merely regional has an impact on the entire global economy.
To put it simply: prices are rising, incomes are falling, taxes are rising, and the ability to accumulate and preserve wealth is declining. It looks like the definition of the "middle class" will soon be redefined...
 

[batang_bitcoin]

I also believe that if someone still follows studies, jobs and old models, he can also live his later life well, but with time, these will no longer be effective for the future. A person cannot provide financial security for his life only with his permanent job. But of course, he must acquire knowledge in technical work along with his job. In addition to being an investor, he must also develop himself as an entrepreneur.

Some people will still follow this method and it will work for them. I think that they understand that life isn't a race so if it will take effect later in their lives, as long as it works for them then that's it. Compared to those who are in a rush and want to see quicker results, they'll test another method of what life can offer to them. While the common thing we think of is having a stable job and be well in life, this is not bad. But for those who like to take risks, they'll change their ways and they'll follow what they think is worth it of their time.

[MRY]

I also believe that if someone still follows studies, jobs and old models, he can also live his later life well, but with time, these will no longer be effective for the future. A person cannot provide financial security for his life only with his permanent job. But of course, he must acquire knowledge in technical work along with his job. In addition to being an investor, he must also develop himself as an entrepreneur.

Some people will still follow this method and it will work for them. I think that they understand that life isn't a race so if it will take effect later in their lives, as long as it works for them then that's it. Compared to those who are in a rush and want to see quicker results, they'll test another method of what life can offer to them. While the common thing we think of is having a stable job and be well in life, this is not bad. But for those who like to take risks, they'll change their ways and they'll follow what they think is worth it of their time.

Stable employment is a very highly respected base in life and the world also requires those who take risks in order to constantly create. Individuals who are brave enough to leave their comfort zones in search of opportunities, are likely to find a lot of opportunities that others who remain conservative in their approaches have never recognized. It is the ratio between these two approaches that make the society dynamic and booming today.

[junder]

It seems that it is never right for children to do this. In most cases, we see that the disadvantages are more than the advantages. As soon as a child starts watching a mobile phone or cartoons, almost all of them become addicted to the mobile phone and their attention is diverted from their studies. It is never a good idea to give mobile phones to children. Yes, you can teach children about mobile phones or computers in school so that they do not lag behind. But it seems that never giving mobile phones to children at home will be a good idea.

It really depends on the parents. If they’re strict about discipline, they’ll only give their kids a phone when they actually need one. In my community, kids usually need a phone once they’re in middle school for lessons that sometimes have to be done online, and because assignments are often sent digitally these days.

And giving a cell phone to children who are still underage isn’t very effective because they might become addicted to the internet like social media unless the child has strong self-discipline, so they only use it when necessary. In my community, many children now prefer to stay home and play on their phones, and this has become a problem that doesn’t even feel like a problem anymore.

[Bitcoin.com97]

I remember those days when we are ask ,what do want to be when you grow up ? Some will say doctor , everyone has a big dream of what dey will become , but today the story is different,money and inflammation is the other of the day ,some can't even afford a good meal , our education system is just money, some even got the opportunity to attend school , getting a good job is hard,while some are lucky enough to secure a good job for themselves, sometime I feel life has choosen people to favour and it can't certainly be all .

[Royal Cap]

There is some truth in what you are saying but i think it needs a little  polish  . First of all the traditional middle class path like education then  job after that home and savings is not broken but it has becomes slower and less reliable specially in many countries due to inflation and rising asset prices and slower wage growth. So yes  just saving from a salary alone often is not enough anymore to build wealth at the same pace as peoples did in the past.

Well, I would say that the idea that jobs or traditional income models have become completely useless is not actually right. To survive in the current market, a person first needs a sure and regular source of income, which will provide stability to his daily life.  Not everyone can manage investments or multiple income sources, because many people have to struggle a lot to create basic financial stability. So I think financial discipline and consistent income are still the most important foundation and then it is better to go towards investment or extra income by understanding the opportunity.

[Dreadboost]

Firstly I don't think the muddle class still exist,  at least using my country as a yardstick, it either you are rich or poor. Gone at those days when we have the middle class that are not rich, but they are very comfortable. They have their own house, they get quality education, have access to good health care and can afford what they need, right now in my country it's either you are rich or poor. I blame this on the government that are so corrupt and and inflation which has increased the gap between the rich and the poor, that has now caused the middle class to be regarded as the poor.
This generation have really tried to improvise and they have been able to find other means to elevate themselves from the poverty level to the rich. They have been able to do this with the opportunity of the internet,  which don't make them seek for job, rather they become self employed and even make more money than having a job. Through the wealth acquired they have been able to invest in assets and that has automatically elevated them to the upper class, without having to go through the middle class.