17min chapter

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Are You Middle Class? (EP.379)

Animal Spirits Podcast

CHAPTER

Economic Trends and Class Dynamics

This chapter explores the Federal Reserve's interest rate decisions and their psychological effects on the labor market, particularly among younger workers entering a challenging job environment. It discusses shifts in class identification and income distribution, drawing contrasts between regions like Grand Rapids and New York City. The chapter further delves into personal reflections on vehicle ownership as a marker of class status and touches on housing market dynamics influenced by mortgage rates and demographic trends.

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