return2ozma@lemmy.world to News@lemmy.world · 3 months agoPoll: More than 60% of middle class say they’re ‘struggling financially’ and are not expecting things to turn around for the rest of their liveswww.thehill.comexternal-linkmessage-square43fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1external-linkPoll: More than 60% of middle class say they’re ‘struggling financially’ and are not expecting things to turn around for the rest of their liveswww.thehill.comreturn2ozma@lemmy.world to News@lemmy.world · 3 months agomessage-square43fedilink
minus-squaregivesomefucks@lemmy.worldlinkfedilinkEnglisharrow-up0arrow-down1·3 months ago So, what the fuck am I? Scrapping by People focus on income, income ain’t the whole picture, it’s wealth that’s important. It used to be owning a home built wealth passively, as you lived and paid your mortgage, you gained equity. If people cant afford to buy a home, it’s almost impossible to build wealth. You just flush more money away on rent as you earn more money. It’s what happens when they charge as much as people can pay for something we all need.
Scrapping by
People focus on income, income ain’t the whole picture, it’s wealth that’s important.
It used to be owning a home built wealth passively, as you lived and paid your mortgage, you gained equity.
If people cant afford to buy a home, it’s almost impossible to build wealth. You just flush more money away on rent as you earn more money.
It’s what happens when they charge as much as people can pay for something we all need.