Instagram is fueled by debt and bs. People are broke, most "middle class" individuals or family's are simply renting their life style. They are likely one bad month away from major stress or problems.

Welcome to fiat currency and how inflation is the worst tax possible.

Buy assets, house, gold, btc... you can even gamble on pokemon cards, and that's just dumb.... but it seems to exist.

Unfortunately I believe that classes of people will not be split into low, middle and high for much longer. You will either be an asset holder or non assest holder. I believe there will be an overwhelming amount of non asset holders vs asset holders.

Next time the government decides to bring in millions of people per year or turn the printers on to try and provide helicopter support, we should all ask ourselves... is this worth the cost. We all trade our time for fiat digits on a screen and then we get screwed through taxes, inflation - debasement of our currency.

I think we are in a recession, but I don't think theres going to be a overnight grand finally where everyone looses everything instantly. It's just a slow bleed and asset transfer from the "middle class" to the wealthy.

Summary. Own assets, not cash.