New Class Rising with Hector J. Mises

090: Falling Home Ownership Rate is Proof that the Middle Class is in Decline

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Today's average family has to work 5x longer to purchase the median 2015 home and it's all a result of the Fed. #NewClassRisingPodcast [TweetThis]

Last week the U.S Census released the most rent proof of what has been my message for the last six years - the middle class is on the decline and it's standard of living is being shredded to pieces.

Now, of course, this wasn't always the case, and in this episode I discuss just how much of a decline the middle class has experienced and why I believe this decrease in the standard of living will persist. 

This is more evidence that now more than ever. You cannot rely on just one income to sustain you current way life now, and into the future, and why it is more important then ever to become an entrepreneur. 

 

You can find today's show notes at http://NewClassRising.com/090

   

Hit Me Up on Twitter: @Hector_Avellan

 

References:

  1. Home Mortgage Rates Drop to the Lowest Since 1967
  2. Rate of Millenials Starting to Own Households is  Disturbingly Low
  3. Rent is Unafforable for the Average Worker in California
  4. U.S Census - Median Household Income

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