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The Atlantis Report, 11/15/23
"The Middle Class Is In Big Trouble..."
"A sad reality is dawning on Americans as the middle class is fast becoming nothing but a vague illusion. Past generations aspired to attain the American dream; a fancy middle class life with a comfortable family home, good cars, enough money for basic needs, destination vacations, a couple of luxury items and some thousands of dollars stacked in savings and retirement accounts. However, the current generation of young millennials and Zoomers are waking up to the grim realization that this dream is now further off than ever before.
It’s a multidimensional crisis rocking both sides of the boat. Young people who were born into the middle class can not afford to sustain the quality of life they’ve been used to while older adults who had already attained middle class status are struggling to hold on to it. For many, it’s already slipping out of their grip and there’s very little they can do about it. Cost of living is rising, incomes are stagnant and inflation is eating deep into the economy."
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