Impact of Social Classes

How to control Debt Does “good debt vs bad debt” exist? Bad debt charges an interest on items that depreciate, while good debt has a return on investment. Using a credit card for a consumable item like buying clothes, going out to eat, or a loan for a car that depreciates in value is bad…

Three subcategories exist for the Middle class. Lower Middle Class, Middle Class, and Upper Middle Class. Fortune had an article from January 2022 looking at middle class on a national scale. Click here: Fortune Article – Here’s who is considered middle-class—and how they fared during the first year of the pandemic Based on income alone…

  Who’s to Blame for Poverty Can anyone relate to these thoughts: “People need to take care of themselves and not live off the taxpayers. I am tired of working hard and my tax dollars benefiting those that aren’t working. Maybe we wouldn’t have to pay so much in tax if we didn’t have people…

Defining Poverty Each country’s government gathers information, as well as the World Bank that conducts their own surveys. The World bank uses a method that gathers information on household income then divides the income by the amount of people in the household. It is measured against the costs of food, clothing, and shelter. This method…

Prosperity Club focuses on class differences to distinguish between incomes. Don’t assume that those with the most education or most money are better at handling money. Prosperity Club’s blogs will help you learn where you need to start to the best of your ability. You will read about some ideas of how to prosper without…