If the money you save isn’t earning anything, it is losing value. That’s horrible news, but it’s the truth.
We were on a business call with Alex just the other day and he asked, what is happening to the middle class?
Middle class is defined largely by household income adjusted for household members. Anything from about 50k/150k of income per person is considered middle class right now.
The most obvious thing that hurts the middle class is Inflation.
Inflation is stealing the value from your money every day and if your savings can’t outpace inflation, or at least keep up with it, you are falling behind.
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