Understanding the Middle Class and Economic Challenges

What percentage of American adults were considered middle class in 1971 compared to 2019?

• 80% in 1971 and 70% in 2019

• 61% in 1971 and 51% in 2019

• 70% in 1971 and 60% in 2019

• 50% in 1971 and 40% in 2019

What is one of the main reasons for wage stagnation in America since the 1970s?

• Increased government spending

• Automation and globalization

• Higher education costs

• Decreased consumer spending

How much did the average household income in the U.S. increase over the last 50 years?

• 50%

• 16%

• 100%

• 200%

What percentage of American household debt is related to housing?

• 80%

• 50%

• 60%

• 72.5%

What is a significant cause of financial stress for many Americans?

• Low interest rates

• Rising cost of living

• High levels of savings

• Decreasing job opportunities

What percentage of Latinos report being stressed about money?

• 80%

• 60%

• 50%

• 75%

What is one suggested method for managing financial stress?

• Spending more money

• Avoiding financial planning

• Ignoring financial problems

• Seeking professional help

What is the impact of financial stress on mental health?

• Negatively impacts mental health

• Only affects physical health

• Has no effect

• Improves mental health

What is one of the physical symptoms of stress mentioned in the video?

• Teeth grinding

• Improved sleep

• Weight loss

• Increased energy

What is a key step in building financial security according to the video?

• Relying solely on credit cards

• Avoiding all forms of debt

• Examining your mindset around money

• Investing in high-risk stocks