Middle Class



The Self-Employed Middle Class Hardly Exists Anymore

Why owning your own income is more important than ever now
Saturday, May 16, 2015, 4:57 AM

Of course, the easiest path to financial independence is being born into a wealthy, well-connected family.

But since few of us win that born-rich lottery, this article addresses the important question: How do “the rest of us” carve out financial independence? » Read more


Olivier Le Moal/Shutterstock

John Rubino: Taking Control Of The Time In Which We Live

And it will be what we make of it. So get participating.
Sunday, July 13, 2014, 10:09 AM

In what is quite possibly my favorite podcast so far this year, Chris speaks with John Rubino -- founder of DollarCollapse.com and recent author of The Money Bubble -- about the times in which we live. » Read more


Adrian Hughes | Dreamstime.com

Off the Cuff: Trend Reversal?

The New Year begins with a stark break from the old
Friday, January 3, 2014, 11:35 AM

In this week's Off the Cuff podcast, Chris and Mish discuss:

  • Trend Reversal?
    • The New Year starts with a surprise
  • 6 Years of Extreme Global Monetary Intervention
    • With more to come?
  • Big Trouble Brewing in Asia
    • Don't bet on East eclipsing West anytime soon
  • Middle-Class Squeeze
    • Getting even tighter in the future
Daily Digest

Image by kcp4911, Flickr Creative Commons

Daily Digest 5/9 - Why We All Need The Middle Classes, Everybody Lives in Asia

Thursday, May 9, 2013, 10:25 AM
  • Gold Is Collapsing, Not Bottoming: Swedroe
  • 11 Reasons Why The Federal Reserve Should Be Abolished
  • Germans splurge on Italian homes locals can’t afford
  • India’s new China war
  • No Bank Deposits Will Be Spared from Confiscation
  • Gold: Who’s Selling, Who's Buying, Who's Lying
  • Everybody Lives in Asia
  • Only 150 of 3500 U.S. Colleges Are Worth the Investment: Former Secretary of Education
  • Sea Of Money
  • Why we all need the middle classes
  • Buena Vista: Meeting could tell if school will start again; district knew state overpaid it
  • Gold and Silver: Sentiment Reversal is Inevitable
  • Downloads for 3D-printed Liberator gun reach 100,000
  • Canadian Government Establishes Two-Tier Approach for Trade Talks: Insiders and Everyone Else
  • Shell to develop Stones deepwater oil field in Gulf of Mexico
  • JP Morgan: A New Type of Dirty Energy
  • 5.09.13: Canadian Tire follows Loblaw’s lead with real estate spin-off

Middle Class? Here's What's Destroying Your Future

Why it's harder than ever to build wealth
Wednesday, July 11, 2012, 8:36 PM

According to the conventional account, the Great American Middle Class has been eroded by rising energy costs, globalization, and the declining purchasing power of the U.S. dollar in the four decades since 1973. While these trends have certainly undermined middle-class wealth and income, there are five other less politically acceptable dynamics at work:

  1. The divergence of State/private vested interests and the interests of the middle class
  2. The emergence of financialization as the key driver of profits and political power
  3. The neofeudal “colonization” of the “home market” by ascendant financial Elites
  4. The increasing burden of indirect “taxes” as productive enterprises and people involuntarily subsidize unproductive, parasitic, corrupt, but politically dominant vested interests
  5. The emergence of crony capitalism as the lowest-risk, highest-profit business model in the U.S. economy

The Middle-Class Survival Guide

Learn how to fight back
Wednesday, July 11, 2012, 8:31 PM

Executive Summary

  • Recognize the signs of serfdom
  • Calculate your income's vulnerability to the system
  • Don't count on high inflation to inflate away your debt obligations
  • 10 strategies you can start implementing right now to defend against the forces trying to sap your quality of life

If you have not yet read Part I: Middle Class? Here's What's Destroying Your Future, available free to all readers, please click here to read it first.

In Part I, we surveyed the key dynamics that have eroded middle-class wealth and income over the past 30 years.  Some of these were conventional (higher energy costs) and some were unconventional/politically unacceptable (financialization; neofeudalism).

Regardless of what you identify as the primary cause, that the middle class (and labor in general) has lost ground since the early 1980s is undeniable, as is the ultimate failure of debt-dependent “growth.”

What can we do about it? It seems to me there are two responses:

  1. Avoid becoming a serf in the new financialized feudalism
  2. Avoid becoming dependent on the Status Quo and avoid collaborating/supporting those elements of the Status Quo that subsidize and protect the parasitic, inefficient, and unproductive sectors of the economy.

Getting Real About Serfdom

I am going to cut to the chase here, and I expect many of you to disagree. Debt is serfdom, period.

I often illustrate this point by asking two simple questions... » Read more