This video discusses why the American middle class is dying and the financial challenges facing middle-class Americans in 2024. It covers the widening wealth gap, increasing debt, stagnant wages, rising cost of living, job market uncertainty, and the impact of government policies. Despite these issues, it mentions a potential improvement if inflation declines and wages rise faster than the cost of necessities. However, it also highlights the reality of the compounding impact of inflation, which has resulted in an average cumulative household budget deficit of nearly $2,500 since May 2021. The script concludes by emphasizing the importance of understanding these issues as a first step towards advocating for change. #usa #life #lifestyle #home #finance #job #rich #middleclassfamily #wealth #inflation
The American Middle Class Is Dying । Gersonin Person
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