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Ep 78: “The Big Short” Legendary Investor Steven Eisman Talks 2023 Investing

The Wall Street Coach with Kim Ann Curtin

CHAPTER

The Rise of the Lower Middle Class

There's this idea out there right now that we may be seeing some growth happening within the lower class. I'm just curious, if that's some of that you're also keeping an eye on, and if so, what are maybe some signposts that you're looking at? Is it purely just wages? Is there anything else that might start to point to that being true and trending that direction? That's a great question. If you look at where layoffs are taking place, it's in tech, and it's on Wall Street. But you have not heard of any layoffs, industrial services, et cetera. A very high percentage of those kind of workers just let the workforce.

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