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Middle class to disappear

Discuss issues related to business, finance, taxes, investments, cost of living in different countries, etc.

Moderators: fschmidt, jamesbond

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Cornfed
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Joined: August 17th, 2012, 5:22 am

Middle class to disappear

Post by Cornfed » May 30th, 2014, 10:32 pm

Property price rises will cause the middle classes to disappear within 30 years, leaving only a "wealthy elite and sprawling proletariat", government adviser says.

http://www.telegraph.co.uk/culture/hay- ... viser.html

fschmidt
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Post by fschmidt » May 31st, 2014, 12:22 am

I agree with this, not just in the UK, but generally. This is why I bought stock in AMH which owns rental property.

zboy1
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Joined: October 4th, 2007, 5:33 am

Post by zboy1 » May 31st, 2014, 3:27 am

The U.S. economy contracted in the fourth quarter of 2013!

http://www.foxnews.com/us/2014/05/29/us ... y-rebound/

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