Debt Is Hurting America's Upper Middle Class Too

The video discusses the struggles of the middle class, particularly the upper middle class, in gaining wealth despite tax cuts and economic growth. It highlights a shift in debt composition from home loans to consumer debt, which is less beneficial for building wealth. The political implications of these economic issues are explored, noting how they affect the political landscape and populism. The video also examines wage growth disparities, with the upper middle class lagging behind other classes. Finally, it touches on the concept of the American Dream and what people aspire to achieve.

What is a significant change in debt composition for the upper middle class?

• Increased borrowing against homes

• Decreased auto loans

• More reliance on credit card debt

• Higher investment in stocks

What political issue is highlighted by the economic struggles of the middle class?

• The impact of globalization

• The decline of democracy

• The prevalence of populism

• The rise of socialism

How is the Trump base perceived in the context of economic struggles?

• As a middle-class majority

• As a small, modest group

• As a wealthy elite

• As a group unaffected by economic changes

Why is the upper middle class experiencing slower salary growth?

• Due to increased taxation

• Because of a lack of education

• As a result of being left behind economically

• Due to high investment in real estate

What does the discussion about the American Dream relate to?

• The rise of technology

• The decline of traditional values

• The impact of immigration

• The aspirations and economic realities of the middle class