On September 1st, I published the episode, "Whatever Happened to the Middle Class American Dream?" Apparently now, even the MSM is asking that question. Better late than never, I guess.
Key topics:
✔️ "The American middle class is experiencing the biggest wealth drop since the Great Recession." -Fortune.com Well, at least we're allowed to bring up 2008. I think back to all the people on their soapboxes, "Oh we would just neevvverrrr have another 2008..." Really?!?
✔️ We're still getting the narrative, however, that people are going into this downturn flush with cash. Plenty of money in savings, low personal debt, all that stimmy cash from 2020. 😒
✔️ At this point, if someone still has their head buried in the sand, I think it's probably too late. By the time we're told a recession hath hit, we may be in an economic depression.
Links I discuss in this episode:
https://www.buzzsprout.com/1125110/11214103
https://fortune.com/2022/11/02/american-middle-class-losing-wealth/
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