Why the middle class mindset is no longer cutting it.

[YOSHIE]

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

Yes, inflation, the cost of living, market shifts and technology-based jobs have made the middle class mindset no longer effective in modern economic life as it is today.

But there are several patterns or strategies that can be implemented in the current situation to develop the economy, such as investing in assets that can protect value, for example crypto or gold, Another way that can be taken is by creating several sources of income, not solely generated economically from one place and the other is skills by identifying existing skills to produce a passive economy.

[Pearl_20]

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

There's so much sense in what you said, these days you rarely see teenagers who are eager to do those professional courses when they know that after that nothing comes out 

Most employers are even complaining that these Teenagers don't like working so it's not about the future because it's happening already, have asked few and they will tell you bluntly that nothing will make them to work for anybody. Wish the government will really do something about it, things are just no longer the way it use to be, growing up there's so much you want to achieve and do, but as life goes on you realise that those dreams and Ambitions keep dying because of the system we find ourselve.

[BlackHatCoiner]

The "work hard and save fiat" advice is basically financial suicide right now. It's not that young people are lazy, they just did the math and realized the traditional middle-class ladder was pulled up years ago.

If you aren't acquiring hard assets or learning how to leverage new tech, you're just running getting poorer and poorer.

[IjawMan]

The "work hard and save fiat" advice is basically financial suicide right now. It's not that young people are lazy, they just did the math and realized the traditional middle-class ladder was pulled up years ago.

If you aren't acquiring hard assets or learning how to leverage new tech, you're just running getting poorer and poorer.

That is exactly what the new dimension toward wealth creation in today world where traditional patterns are failing to cope and survive with the economical challenges.

Is a true fact that asset creation, asset accumulation and technology is the driver of the present financial order and if an average Joe must be able to elevate himself out and above the middle class which is gradually fading cause the social and financial disparity now stand between poor and rich, leaning in the direction of digital asset and tech is the solution.

[Egii Nna]

The "work hard and save fiat" advice is basically financial suicide right now. It's not that young people are lazy, they just did the math and realized the traditional middle-class ladder was pulled up years ago.

If you aren't acquiring hard assets or learning how to leverage new tech, you're just running getting poorer and poorer.

That is just the fact. If the proverb can change to “work harder and invest in things that are not affected by inflation,” it would have been better. People that still save in fiat are just wasting their energy because they will still pay taxes, get affected by inflation, and still lose the value of what they have worked harder for.

It’s very painful to see how the system is designed to make the poor poorer. The only chance left for them to escape is very slim, which is the main reason we see the poor like they are not ready to change their situation. How I wish I can create a way to teach all the poor how to escape the cycle, although you can never eradicate poverty in the world.

[DrBeer]

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 .

On the other hand, based on my personal observations, the younger generations, for some reason, believe that-even without knowledge or experience-they should immediately be offered positions almost on par with a CEO, be provided with all the perks, be paid a huge salary, and will probably devote some time to their work... But if there are any difficulties and they have to work hard and RESPONSIBLY-then "no, I don’t need a job like that; I was born to enjoy life". Study and get an education? No, I’ll just pay some money and get a diploma, or watch some video courses! Why bother with knowledge when there’s the internet and AI!?
I’m exaggerating a bit, but just to better convey the essence of the problem.
 

[Satofan44]

On the other hand, based on my personal observations, the younger generations, for some reason, believe that-even without knowledge or experience-they should immediately be offered positions almost on par with a CEO, be provided with all the perks, be paid a huge salary, and will probably devote some time to their work... But if there are any difficulties and they have to work hard and RESPONSIBLY-then "no, I don’t need a job like that; I was born to enjoy life". Study and get an education? No, I’ll just pay some money and get a diploma, or watch some video courses! Why bother with knowledge when there’s the internet and AI!?
I’m exaggerating a bit, but just to better convey the essence of the problem.
 

It is a downside and the built up negative effects of the widespread use of technologies that you so often praise. What has social media accomplished for the average person? It is not required for communications, so that benefit falls through. It literally did not accomplish anything except fry the patience, attention span of most people and create a big boost in egoism and narcissism. Never have a bigger number of stupid people have been this entitled, and a lot of it comes down to social media and endless consumption of other on demand content. While what you are describing is correct, you are describing the symptoms, you are not describing the root causes of those problems.

I will gladly say that the workers from the youngest generations are the worst workers that I have seen in my lifetime. They are spoiled little brats, with no social skills, no work skills, no discipline, no patience. They literally bring nothing to the table, there are animal species that are more useful for work on average. If we try to investigate why that is and recommend extreme measures, people start complaining because they are deeply addicted to smartphones and consuming content.

The "work hard and save fiat" advice is basically financial suicide right now. It's not that young people are lazy, they just did the math and realized the traditional middle-class ladder was pulled up years ago.

If you aren't acquiring hard assets or learning how to leverage new tech, you're just running getting poorer and poorer.

This has not been the right approach for over 20 years now, so whoever is following that mindset or listening to such advice can only blame himself really. I see massively that people like to shift away responsibility or the blame onto the system, or onto other people and similar, but that is what cowards do. What kind of approach would that be? Someone told you to jump off of a building and when you break all your bones you will say that the one who told you to jump is at fault? Inevitably a lot of this is a consequence of people not even doing the most basic research possible, not being interested at all in the economic or managing personal finances with any time period goals. When the prevalent ideas is about living in a stupid way, instant consumption of content and living in "the moment" people should not be surprised with where that leads them in the end.

[Mame89]

Yes. The middle class mindset has been damaged in today's economy due to inflation coupled with asset prices like stocks and cryptocurrencies rising faster than wages making it nearly impossible to build significant wealth for the future from just saving your salary. That's why the younger generation must increasingly realize that hard work alone isn't enough to build wealth today. Successful people today are those who work smart and have assets that can protect their value.

Following the traditional path of going to college and then working in an office is no longer effective. Building skills, investing or building a business can be a good way to think. The point is, the mindset hasn't changed but the way it's executed has. So if you don't adapt you'll be left behind. Hard work is important but you need to have a mindset that invests not just trades time for money.

[ZAINmalik75]

Yes. The middle class mindset has been damaged in today's economy due to inflation coupled with asset prices like stocks and cryptocurrencies rising faster than wages making it nearly impossible to build significant wealth for the future from just saving your salary. That's why the younger generation must increasingly realize that hard work alone isn't enough to build wealth today. Successful people today are those who work smart and have assets that can protect their value.

Following the traditional path of going to college and then working in an office is no longer effective. Building skills, investing or building a business can be a good way to think. The point is, the mindset hasn't changed but the way it's executed has. So if you don't adapt you'll be left behind. Hard work is important but you need to have a mindset that invests not just trades time for money.

The problem is that not every person can have the same privileges in life and the same level of skills and talent that can help them achieve something great in life, so they have to actually use the traditional way of completing their education and then finding a suitable job that can help them have a near sustainable life. They should earn enough to get through the month without any problems, but this is also becoming impossible because of rising economic problems and tensions around the world, especially in third-world countries where the minimum wage isn't enough for you to get through the month with a family of four.

So for a person from the middle-class, saving or making investments are very far things, they are not even able to have enough resources to get from month to month and for this reason they have to borrow money from here and there because you can't let your family starve to death or have nothing to eat by the end of the month, and when you become indebted to so many people, even if you start making some more money in the near future, you will have to spend them on repaying your debts.

[Bobrox]

Yes. The middle class mindset has been damaged in today's economy due to inflation coupled with asset prices like stocks and cryptocurrencies rising faster than wages making it nearly impossible to build significant wealth for the future from just saving your salary. That's why the younger generation must increasingly realize that hard work alone isn't enough to build wealth today. Successful people today are those who work smart and have assets that can protect their value.

Following the traditional path of going to college and then working in an office is no longer effective. Building skills, investing or building a business can be a good way to think. The point is, the mindset hasn't changed but the way it's executed has. So if you don't adapt you'll be left behind. Hard work is important but you need to have a mindset that invests not just trades time for money.

I don't think its simple how our mindset about the middle class mindset during the inflation values right now most of them still think about hard work, saving money, buy land and house is the best way how to be success. Difficult way how to change the traditional mindset how to be success and many of them won't take risk by investing assets for something have valuable with possibility raise up assets values in the future without full money put as saving fund.

Right now have to change system make our assets values get increasing more in the future and don't waste our time fully working hard without have planning yet until the older still working, we need set up limitation age to stop working and make our assets working for us by increasing values such as investing at something with stable and high return earning.

[pawanjain]

With each generation, the younger generation gets advanced and find out better ways of doing things.
Even today, the elder generation is still following the same trajectory of owning a stable job and then a house but are getting trapped in the process of endless EMI.
So it's better to explore possible opportunities to increase the assets and leverage those assets to create additional income to have a better life.

[Pablo-wood]

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.

Achieving a stable life has many perspective but one has to be intentional about their approach else nothing works. Agrarian environment only provides basic necessities and affordable economy but having a stable life means taking advantage of the stability the economy provides and utilizing the resources to invest and build a more sustainable future. Perfect stability belongs to those take can carve out their own routes regardless of their educational background.

[Sammye3]

Situations like this is what puts so many under unnecessary pressure and most cases engage in activities that are against their faith or belief. The main purpose in life is to "live" as everybody has their time and season, what might work for others might not work same for you.

At a certain point, it is best to work at a constant pace than rushing into things and fall out on the road side. Everybody can never be on the high class, there would always be people who life could show it's unlucky side and people who manage to keep up. Its best to keep pressure consistently and focus on the bigger picture rather than classes.

[Zaka1221]

Yes. The middle class mindset has been damaged in today's economy due to inflation coupled with asset prices like stocks and cryptocurrencies rising faster than wages making it nearly impossible to build significant wealth for the future from just saving your salary. That's why the younger generation must increasingly realize that hard work alone isn't enough to build wealth today. Successful people today are those who work smart and have assets that can protect their value.

Following the traditional path of going to college and then working in an office is no longer effective. Building skills, investing or building a business can be a good way to think. The point is, the mindset hasn't changed but the way it's executed has. So if you don't adapt you'll be left behind. Hard work is important but you need to have a mindset that invests not just trades time for money.

Middle class people have a narrow mind and that is reason they are not successful in their life . People are earning big by starting a small business and small business is very big as comparison to big job which is giving reasonable salary because you are only employee and you have no freedom and they will take your income after a month and you have to wait for a month. There are many types of middle class people because there are lower middle class people who have no car and no more facilities in life and upper middle class people have all facilities of life because they are educated and they are doing big jobs and they are enjoying their life and their income is not more than their spending.

[DYOR+BTC]

With each generation, the younger generation gets advanced and find out better ways of doing things.
Even today, the elder generation is still following the same trajectory of owning a stable job and then a house but are getting trapped in the process of endless EMI.
So it's better to explore possible opportunities to increase the assets and leverage those assets to create additional income to have a better life.

One unique difference that exists among two separate individuals is there mindset,  some are contented with the little opportunity they are fortunate enough to experience while some are not contented with the little opportunities they have and are pushing to have some direction that may take them to financial stability. Opportunity is one thing that may help in gaining all desired choices of life but can never work if one cannot utilise it to me

[Cookdata]

I don't think its simple how our mindset about the middle class mindset during the inflation values right now most of them still think about hard work, saving money, buy land and house is the best way how to be success. Difficult way how to change the traditional mindset how to be success and many of them won't take risk by investing assets for something have valuable with possibility raise up assets values in the future without full money put as saving fund.

Right now have to change system make our assets values get increasing more in the future and don't waste our time fully working hard without have planning yet until the older still working, we need set up limitation age to stop working and make our assets working for us by increasing values such as investing at something with stable and high return earning.

Inflation has decapitated many people with good dreams but I will like to point out something, lands and personal houses, including cars were not easy to get either back in the days. People don't buy homes directly with their pay check, they buy mortgage on houses and loans on cars and pay back through their pay check with low interest but because inflation is very high and unsustainable, mortgage and loan interest are too high and you can't blame the companies, they are also trying to avoid their investments from been killed by increasing purchasing power.

In some countries, mortgage house and cars on loans are still accessible if you have a steady income like the average person but we are now in century where everyone is chasing there dreams, we no longer want to follow the traditional concept of making money any more, the internet money has change the narrative of wealth that you can launch an IPO and become the richest man like Elon musk did, we want to buy these things with our wealth and not on credit anymore.

[Nightwatchmare]

The middle class mindset is no longer enough in this economy, why because you can not just settle or hope for what you red in school to give you a comfortable life or a life that can fit in to the world we are living in today. You have to understand that the system does not need just an ordinary thinking, it needs more to be able to remain stable when ever inflation happens. When you want more in life, you have to think outside the box, you need to be able to learn new things, like investing and creating ideas that can make you financially free, because right now hard work is not longer enough.

[boyptc]

One unique difference that exists among two separate individuals is there mindset,  some are contented with the little opportunity they are fortunate enough to experience while some are not contented with the little opportunities they have and are pushing to have some direction that may take them to financial stability. Opportunity is one thing that may help in gaining all desired choices of life but can never work if one cannot utilise it to me

It depends on that other individual who is not contented with the little opportunities that they have. Possible because that what they earn from the little opportunity is also little.

That's why they're desiring to have and earn more and that's okay, we all want to earn more because of how the economy is no longer keeping with the salaries we have.

The minimum wagers are barely making a living and making ends meet. I guess it's this era when people don't want to live luxury and yet, still unable to afford the basic necessities even being employed.

[Zaka1221]

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.

In the previous time the middle class people were having financial stability because of their study jobs they use to own houses they have access to good educational institutions and healthcare they used to have savings that day invest in multiple sources generate more income but as the time has changed the unemployment and inflation has affected everyone the same way they has affected the middle class people as well it is getting very difficult for certain people to manage their household expenses and they are depending on borrowing money to meet their day today needs that is putting them into debt trap
 
But as the world is changing the technological evolution is real young generation is moving toward online sources of income live freelancing digital content creation social media as compared to the previous traditional office based jobs so society is moving from stable traditional environment toward the most flexible but less predictable economic environment

[Byebyebtc]

Because of inflation you need a high paying job to survive ,and the normal individuals will not be able to survive.
That is why you see most people going extra mile to make money, to the extent of turning down school which is also turning down the regular pattern