“Something strange is happening” in the economy with wet 6 new economic chapters.

Maggiulli visions are rooted in daily data and observation, but it is believed that the upper middle class passes a “existential crisis”, as noted in its blog.From dollars and dataSpeak to luck About what he believes is happening: “The economy has not been built to deal with this many people with this amount of money,” he said, hinting about his research on what the new economic classes in the United States call.

In the “wealth ladder”, Magioli suggests a new data -backed frame to think about wealth. It is a much larger topic than just Level 4. It divides American families into six levels of wealth, ranging from less than 10,000 dollars (level 1) to 10 million dollars (level 5 and beyond). The most populated part is the level 3- The number of 100,000 to one million dollars-but it says that the 4th level, the so-called “top-class”, is noticeable for its rapid growth and unique challenges.

Magioli analysis shows that the existential level was only 7 % of the country in 1989, but as of 2022/23, that was launched throughout the road to 18 %. It is recognized that inflation means that the millionaire in the late 1990s will be worth about $ 2 million, as well as 2022/23. However, he says, this economic class is much greater than it was, especially since the epidemic, and it is believed that it “begins with all these effects in the rest of the economy.”

The existential crisis of the upper middle class in the twenty -first century

This demographic expansion has sparked unexpected side effects, from crowded airport halls to bid wars for housing and luxurious amenities. “The economy has not been built to deal with this many people who have a lot of money,” as he noticed, “Nader Resources” links to frustration with the wealthy wealthy population. “They all compete for a small group of resources,” he says.

Magioli says that the strangest thing is that these people succeed very objectively. ) American 4 wealthy people can always move to another place, where their money will go far further, but they are often residing in the United States, where they do not feel that they are the millionaires who have become.

Magioli says that it is really different from the late 1990s, adding that with regard to the power of purchase, an American with a net value of one million dollars at that time will rank 5 % of wealth, while this situation in 2020 belongs to a person worth $ 4 million. He adds: “There is a lot of wealth that is being created to the point that the upper side is to see this competition as it has not happened before.”

UBS Global Wealth Management noticed a similar trend in its 2025 edition of the Global Wealth Report, where it saw a significant increase in. “Daily Millionaire“Emily. At the dawn of the millennium, there was slightly more than 13 million Emiles around the world. luck“They feel they get it, although they are statistically at the highest of 20 % of American families.”

Magioli’s comments on Charlie Munger, the right -wing Warren Buffett man for a long time in Berkshire HathawayWho died in 2024. In the previous year, at his last appearance at the annual meeting of his Holding Company in his newspaper, Daily Journal, Monger looked a similar melody About things is better than ever but people feel worse than ever. “People are less happiest in the case of affairs than they were when things were more striking,” Monger said, and he made a comparison. “It’s strange for someone of my life, because I was in the middle of the great depression when the hardship was incredible.” Monger said that he was unable to change how happy people feel “after everything improved by about 600 % because there is still someone else who has more.”

The importance of assets

Maggiulli’s analysis extends to the formation of wealth across the layers: “private poor cars, home layers, and private rich companies.” And he confirms that the “wealthy” in America tend to maintain assets such as companies and stocks, not only real estate or goods. To really transform the levels, this type of assets you have a truly task.

Majal said luck About the long dance “Transfer the great wealth“When the children of children pass by their wealth of 124 trillion dollars to General Xers and Millennials now in or entering middle age. With the era of children’s children, their assets are expected to flow to the Gen X and ultimate Their wealth.

It is also frank about what he calls “Broken housing market“Even the wealthy adults are forced to rent more often: Actually, Magioli research shows that there were not many tenants by the millionaire. luck“Because it is not logical to buy, especially when prices, prices are, everything.” The housing market is also created “not adding” to its status.

For Maggiulli, the main meals are the ability to adapt. It is similar to personal fitness financing: “You can imagine a fitness coach that provides different advice for an obese person against a well -trained athlete.” Likewise, financial strategies must turn as individuals advance to the “wealth ladder”. This particular ladder is not supposed to continue climbing forever, but a very large ladder with a lot of plateaus on it, some of which remain forever. He says you need to retreat and re -evaluate: “Do I need to continue climb? Is this suitable for me?”

Alex PraisonProfessor of Social Sciences quantum at the University of London University, luck Similar in an interview About his research Even the labor markets in the twenty -first century, social movement, and young workers. “People at that time in their lives, when they look to build jobs, progress and acquisition of property, as you know, all the things of the ladder … it seems as if some of them have removed some degrees on this peace.” “We have not necessarily obtained the same jobs and functional patterns” in the current economy as in the past.

Magioli says he does not defend his book for people to choose a specific path or another, but to be aware of their wealth and path. “I think many people arrive there, and they say,” Wait, do I want to continue to walk this path? Or maybe I can get my feet out of gas and choose a different path as the money is not the only thing I focus on. “

For this story, luck The artificial intelligence is used to help with a preliminary draft. Check an editor of the accuracy of the information before publishing.