Problems with Assuming Middle Class Status

• 📉 Assuming middle class status can lead to poor spending and saving patterns, with 57% of Americans unable to cover an unexpected $1,000 expense.
• 👥 Many people identify as middle class despite being unable to afford a middle-class lifestyle, leading to financial stress and anxiety.
• 🚨 Thinking you are middle class can make you less likely to pick the right job, with many high-paying job opportunities in trades and blue-collar work being overlooked.
• 🤝 It can also make you more likely to take unnecessary risks, such as taking on debt or investing in scams, in an attempt to maintain a middle-class lifestyle.