October 20, 2022
by Michael
Even non-billionaire-but-still-rich person Gwyneth Paltrow is losing sleep over it.
“The economy sucks,” she told the Hollywood Reporter this week. “I’m just worried about next year and how bad the recession’s gonna be.”
Other celebrities are weighing in, too. Last month, rapper Cardi B ranted about inflation and interest rates. “How are people surviving? I want to know.”
If the middle class is steadily eroding during relatively stable times, what is going to happen once the economy really begins to unravel?
There is so much anger all over the United States right now, and the vast majority of the population is simply not prepared for what is ahead.
I have been writing about the demise of the middle class for more than a decade, and the condition of the middle class has never been worse than it is right now.
At one time America had the largest and most prosperous middle class in the history of the world, and that was a wonderful thing.
But now very dark times for the middle class are here, and there doesn’t appear to be much hope on the horizon.
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