Since I was a teen I said I wanted to help the poor to middle class learn about money. I always said that there would be two classes. Rich or poor. There will be no middle class. Who knew in less than ten years this would be true. I was a kid talking crazy. I didn’t watch CNN much I just had a vision.
It has been said that in order to be considered middle class your household income has to be at least $150,000 USD per year. Once upon a time that was living the good life. Now that’s just surviving. With the static, 40+ percent of 18-23 year olds are unemployed, makes it difficult to start some where. Most adults are working in the “teenage” job field because the US unemployment rate is through the roof. There are no jobs anywhere.
Where does one start? How does one begin to build their wealth in order to “survive”? Saving money… daily, weekly, monthly. It doesn’t matter how much just as long as it is something. It’s easier said than done but it is possible.
How do you feel about the new salary requirement to be considered middle class?