The crisis that didn’t hit the middle class
One of the eternal truths of financial crises and recessions is that it hits the working class the most, then the middle class and the richest 10% or so are hit the least. This is so because the working class tend to lose their jobs in a recession or a crisis and since they tend to have much fewer savings than the middle class, they immediately face a m…
Keep reading with a 7-day free trial
Subscribe to Klement on Investing to keep reading this post and get 7 days of free access to the full post archives.