Debt Is Hurting America's Upper Middle Class Too

Debt Is Hurting America's Upper Middle Class Too

Assessment

Interactive Video

Business, Social Studies

University

Hard

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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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways have salaries among the upper middle class lagged behind other classes?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the American dream in relation to the current economic situation?

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