What does “middle class trap” mean ?

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Hello

As someone with 0 economics knowledge but keen interest I keep hearing this term “middle class trap” and how it is bad for countries long term economy and its people. What does it mean and why is it harmful for a country’s long term prospects ?

Thank you

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17 Answers

Anonymous 0 Comments

Everyone who makes an income has to turn their money over continuously to maintain it’s balance. Even millionaires are three bad months from homelessness.

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