Friday, January 27, 2012

Downward Class Migration

In this video Jack Spirko talks about the slippage that has occurred over the past several decades in what it means to be middle class in America. How it's not just that Joe Blow has fallen out of the upper middle class and into the lower middle class but that what it takes to stay in a class position has changed. What roles debt financing play in this and how you can insulate yourself to some degree from it. Well worth checking out!



Resources:


The Survival Podcast Episode 761 - Downward Class Migration - More discussion on this topic.

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1 comment:

  1. Unknown10:59 AM

    I know it seems like the faster we run the more someone cranks up the speed on the treadmill.

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