this post was submitted on 16 Feb 2024
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chapotraphouse

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What does it take to be "middle class" in America today? (hexbear.net)
submitted 1 year ago by InevitableSwing@hexbear.net to c/chapotraphouse@hexbear.net
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archive.today • How Americans define the middle-class and why they can't reach it - The Washington Post

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[–] idkmybffjoeysteel@hexbear.net 6 points 1 year ago (1 children)

conspiracy by big bank to force you to care about "the economy"

[–] FloridaBoi@hexbear.net 7 points 1 year ago (1 children)

They also make broker commissions and account fees from holding investments. Just skimming right off your earnings

[–] idkmybffjoeysteel@hexbear.net 7 points 1 year ago

it is so fucked, if you earn little and you get auto-enrolled into a default scheme with high fees in the UK, literally your entire savings will be eroded by fees within the year