7 Reasons Middle-Class Incomes Don’t Stretch as Far as They Used To

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The middle class is getting squeezed by soaring fixed costs, said Noah Damsky, principal atMarina Wealth Advisors.

Heres a look at seven reasons why amiddle-class income doesnt stretch as far as it once did.

Its a necessity, but housing keeps getting more expensive.

Housing is the biggest expense taking a bite out of the middle-class budget, Damsky said.

Unfortunately, he said relief on this bill might not be coming anytime soon.

Being properly insured is a must, but it isnt cheap.

Global tensions and instability can and have trickled down to the middle class.

Needless to say, the rich getting richer can make it harder for the middle class to get ahead.

Prices are a one-way elevator, Wilson said.

Cutting expenses is challenging for almost everyone, Wilson said.

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