1.I used the loan to buy an expensive house. The asset is 5 million yen, but the mortgage is 4 million yen. At present, housing prices have been **30% or more, resulting in negative equity. However, my life became very stressful as I had to pay my mortgage every month.
2. Too much investment in children's education. Many middle-class families have two children, and the children go to international schools to receive piano, painting and other education from an early age, and sometimes spend a lot of money to go abroad to study in college. Two children need at least 2 million to 3 million yuan from primary school to university graduation, but after returning from studying abroad, their monthly salary is 5,000 to 8,000 yuan. The middle class spends too much money on their children's education and ends up falling back into poverty.
3. Many middle-class families entered the real economy 10 years ago. However, in recent years, due to the impact of the Internet economy, business has plummeted. But when people reach middle age, they can't transform well, and they can only rely on operating Didi to make a living. In real life, there are many examples of the middle class falling back into poverty.
4. After earning his first pot of gold, he overestimated his earning ability and began to diversify his investments and enter unfamiliar industries. In the end, they not only lost their capital, but also owed huge debts. In this way, many middle-class families have returned to poverty.
5. When many middle-class people accumulate a certain amount of wealth, they begin to speculate in real estate and votes. However, he ended up falling into a trap. If you flip a house, you become a landlord, and if you vote, you become a shareholder. The hard-earned money of doing business and opening factories was eventually harvested by real estate and ** and turned into negative capital. It is common for middle-class families to slip back into poverty.
6.When you're young, you're desperate for money. When you are old and sick, your only option is to use money to save your life. For middle-class families, family finances are hampered whenever a family member is seriously ill and needs money to make ends meet. Today, we have to accept the harsh reality that the middle class is back in poverty.