@20220810友邻外刊The upper class is getting squeezed
Summary
Mark Hughes had a profitable pandemic and pulled in big gains from the stock rally. However,in 2022,the expanses have grown and his stockholdings is shrinking.
Like him,upper-middle-class families lost a bigger chunk of stock portfolio and value of their liabilities grew a lot.They have to take on greater debt. For poor family,they can feel the effect of inflation more deeply but it doesn't cause too much damage to them. They have smallest share of net wealth invested in financial markets. For the rich, they have been totally insulated from the worst of inflation.
In a word, the middle-class suffer the most.
As young people,it's so hard to think about all these problems:house and car and future. At the same time,you want to achieve something in your own career. But in the beginning,it's just so challenging. But in my inner heart,I know the only way is to be optimistic and keep moving. Sounds easy!🤣
Sometimes,I am not that eager to get a house and car. I prefer to go traveling with my money. I want to be financially independent and then I will consider to buy a house. Is that possible? actually I don't know🤣 I even don't have a boyfriend right now. Being young means being so confused🤣
I LIKE THE LINES OF TODAY’S SHARING
