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Abstract Middle-class Americans maintain a structurally unequal relationship with the country’s largest banks. This asymmetry stems from persistent financial literacy gaps, the complexity of modern banking products, behavioral design that nudges consumers into costlier outcomes, and the scale advantages enjoyed by megabanks. Although regulators intervene episodically—most visibly in cases like Wells Fargo’s fake accounts scandal […]
Introduction Middle-class voters are the backbone of the American electorate. Their votes decide elections, and their voices shape national policy. In the 2020 presidential election, for example, middle-class suburban voters played a critical role in swinging key battleground states, underscoring their influence on electoral outcomes. Yet politicians often speak about the middle class in vague, […]
The lingering shadows of the Gilded Age stretch into the present, casting a long silhouette over America’s economic landscape. Families like the Waltons, the Mars clan, and the Cargill-MacMillans stand as pillars of enduring wealth, their fortunes built over decades and, in some cases, centuries. These dynasties have accumulated vast resources and mastered the art […]
If you’ve been waiting for a sign to make big moves with your finances, this is it. The Federal Reserve just made its first interest rate cut since 2020, slashing the federal funds rate by a full half percentage point. This is no small step—it’s a loud and clear signal that the era of “cheap […]
These are Services that Middle-Class Americans Won’t Be Able to Afford by 2030 Due to Inflation and Price Gouging Taking your kids to a sporting event used to be an affordable weekend pastime for families. Seeing your favorite band whenever they were in town didn’t break the bank. But those days are quickly fading. Now, […]
Business credit cards have become popular for small business owners who want to separate their personal and business expenses or establish business credit. These cards typically offer rewards and perks that can help offset business expenses and generate additional revenue....
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Wealth is often used to describe people with a lot of money. However, there are different levels of wealth, and it’s important to understand the differences between them. Two terms that are often used interchangeably are “rich” and “mass affluent.”...
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The Biden-Harris Administration has proposed a comprehensive student debt relief plan that aims to alleviate the burden of student loan debt on millions of Americans. The plan includes measures such as expanding Public Service Loan Forgiveness (PSLF), cancelling up to...
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The American tax system is a complex federal, state, and local tax web. They can significantly burden wealthy Americans, so many choose to move to tax-free states to reduce their tax liabilities. Rich Americans continue moving to Florida, Texas, Nevada,...
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Reality Check Your paycheck stops; your life doesn’t. It’s Day 31 of the shutdown. Rent is due today, the daycare draft hits tomorrow, and you’re staring...
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The Plain‑English Take There was a time when a steady paycheck, a pension, and a gold watch weren’t a fantasy. They were the deal. If you...
By FMC Editorial Team
Most middle-class households aren’t “bad with money.” They’re paying a quiet tax in fixed costs and frictions—housing, healthcare, childcare, and high-APR debt—that eat the raise before...
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Why this matters (more than your will) A once-a-year habit that keeps your intentions aligned with your paperwork—and your family out of avoidable messes. For a...
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Reality Check You don’t need another lecture. You need a plan that works in the middle of real life—when the rent is due, the car needs...
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You’ve got a will for the house and the car. Good. But what about the stuff that actually runs your life—email, bank logins, bill-pay portals, cloud...
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You can feed a full house without making your card issuer fat and happy. The trick isn’t starving the table—it’s starving the waste. Why the Table...
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Travel is where good budgets go to die. Prices spike, emotions run hot, and suddenly you’re financing nostalgia at 24% APR. This plan keeps the trip—and...
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You already know the punchline: they cost more than we planned—financially and emotionally. Between Halloween, Thanksgiving, Christmas, and everything in between, too many middle-class families overspend,...
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You don’t need more “doorbusters.” You need a plan that keeps you out of the interest trap. Real deals exist, but most of what you’ll see...
By Article Posted by Staff Contributor
Reality Check Your paycheck stops; your life doesn’t. It’s Day 31 of the shutdown. Rent...
The Plain‑English Take There was a time when a steady paycheck, a pension, and a...
Most middle-class households aren’t “bad with money.” They’re paying a quiet tax in fixed costs...