Economics Archives - Page 2 of 26

5 Financial Mistakes the Middle Class Must Avoid During A Recession

Economics, Personal Finance / Steve Burns

Economic downturns are inevitable parts of financial cycles. While no one can predict precisely when a recession will strike, being prepared can significantly reduce its impact on your financial well-being. For middle-class families who often lack the substantial safety nets of wealthier households, avoiding inevitable financial missteps during economic contractions is particularly crucial. By understanding […]

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10 States Where Middle-Class Americans Are Moving to Escape Inflation

Economics, Personal Finance, Real Estate / Steve Burns

Inflation has significantly impacted middle-class Americans in recent years, eroding purchasing power and making it increasingly difficult to maintain financial stability. With the rise of remote work opportunities, many families are reconsidering where they live, seeking locations that offer economic relief through lower taxes, affordable housing, and strong job markets. This migration represents a search

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Why a $100K Salary Is the New Middle Class

Economics, Personal Finance / Steve Burns

Remember when six figures meant you’d made it? Those days are gone. Across kitchen tables and break rooms nationwide, Americans earning $100,000 are scratching their heads, wondering why they’re still counting pennies at the end of the month. This article explores how yesterday’s high-income benchmark has become today’s baseline for staying afloat. From skyrocketing housing

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5 Reasons People In The Middle Class Should Never Buy A Brand New Car

Economics, Personal Finance / Steve Burns

Cars are among the most significant purchases most middle-class families make, along with their homes. Yet, unlike real estate, vehicles don’t appreciate in value; the more miles you drive and the older they become, the less they are worth. A brand-new car is a vehicle that has never been owned or driven beyond minimal test

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How The Middle Class Is Programmed To Stay Broke According to Psychology

Economics, Personal Finance / Steve Burns

The financial struggles of the middle class represent a curious paradox in modern society. Despite rising education levels and incomes, many middle-class individuals are trapped in a cycle of financial stress—living paycheck to paycheck with little accumulated wealth. While economic factors certainly play a role, psychology offers compelling insights into why many remain financially strained.

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5 Things the Middle Class Can Buy To Be Happier, According to Science

Economics, Personal Finance, Psychology / Steve Burns

Does money buy happiness? Science suggests it’s not about how much you spend but what you spend it on. Researchers have been studying the connection between purchases and well-being for decades, and the findings offer fascinating insights for middle-class consumers looking to maximize their happiness and return on investment. Research published in Psychological Science by Jacob

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Why Warren Buffett Thinks Trump’s Tariffs Are a Huge Mistake

Economics, Warren Buffett / Steve Burns

Warren Buffett, one of history’s most successful investors, has long warned against the economic dangers of tariffs. His critiques gained renewed attention in 2025 when he labeled Trump’s tariff policies “an act of war” and “a tax on goods” during a CBS interview. As markets reeled from trade tensions, Buffett’s timeless advice on navigating volatility—“Be fearful when

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The Salary You Need to Be Considered Middle Class in Every U.S. State (2025)

The Minimum Salary You Need to Be Considered Middle Class in Every U.S. State (2025)

Economics, Personal Finance / Steve Burns

The concept of the middle class has long been a cornerstone of the American Dream, symbolizing financial stability, homeownership, and the ability to provide for a family. However, defining what it means to be middle class in the United States is increasingly complex, especially as economic conditions vary greatly across states. This article explores the

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10 Middle-Class Purchases That Will Be The Most Effected By Tariffs (2025)

Economics, Personal Finance / Steve Burns

Tariffs on US imports in 2025 are set to reshape the budgets of middle-class households. With a universal 10% tariff on all goods entering the country, plus higher rates like 34% in China and 25% in Mexico and Canada, everyday purchases will cost more. The only question left is who will pay the tariffs and

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These 10 Brutal Truths About Middle-Class Money Habits Will Help You Get Your Finances Together

Economics, Personal Finance / Steve Burns

Do you consider yourself financially stable yet constantly wonder why your bank account doesn’t reflect it? You’re not alone. Many middle-class households maintain habits that sabotage their financial progress. Let’s examine the uncomfortable financial truths holding the middle class back and how to overcome them. 1. You’re Spending Too Much on Status Symbols That Depreciate

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