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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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336221 No.336221 [Reply] [Original]

>In 5 years the majority of people graduating college this year and last year will become aware that they cannot attain a Middle Class lifestyle, or that by maintaining it they will have to assume more debt and put off or sacrifice retirement
>In 10 years the middle class will have shrunk by 50%, even accounting for this generation being much smaller than the boom preceding it, and those who remain middle class will be in more debt than previous generations
>The reality is that you are either on your way up or on your way down

So what is your plan /biz/?

>> No.336230

>No college.
>Bought condo at 21 for $72k
>Sold condo at 24 for $125K
>Living dirt cheap and investing proceeds
>????
>Profit

>> No.336231

>>336221

I live in the rural South, where the income median is low, thus prices are low.

I make a pretty bad wage if I lived in California, but where I live, I'm upper middle class. Nearly double the household income and I'm a one-person home.

>and that income is $60k a year

>> No.336278

OP here. Personally I'm just waiting on my LLC paperwork, tobacco license, and business license to clear.

>> No.336290
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336290

>>336230
Good work.

>> No.336306

>>336230
wow 50k profit time to retire

>> No.336332

>>336306
Ah, yes, sarcasm. Guess you missed the part where I said I was investing proceeds?

>> No.336336

I'm not worried about the middle class going away. They've always been a relatively small section of the population.

The importance placed on the middle class is from those within the middle class;