No more middle class
As many people may know that there is “American Dream” which illustrate the foundational society goal for most of people in USA, the main part of this dream is to have a home (fully owned). But in reality, most of so called middle class did not actually own the property instead the only difference is who has more mortgage and who has less.
Trust of currency is fading
The current (2017-05) raise of virtual currency, for example bitCoin has approved that people have more doubt and less trust about the currency we are using everyday. I think the other reason is that the power of print more money is controlled by few people which has no ceiling. The truth is that the money we are holding now is depreciating faster than ever.
The ticket price to enter a new class is raising
This is more about education. The loan which current US student took before graduation is huge, similarly in Australia, the higher education is more and more expensive. I heard some degrees need more than A$ 500K to put a student to finish the degree.
Now there is panic atmosphere surrounding the middle class. Lots of people to choose property as a safe net of their wealth. There is more than 50% of the wealth has been put to property or other fixed assets. “There is no banquet that will never end”, if all the fixed asset want to covert themselves to cash flow, it’s going to be a disaster.
