From Yahoo Finance: 2025-05-10 10:55:00

Grant Cardone expresses concern for the struggling middle class in America, calling it a broken class of people. Despite the country’s wealth and size of the middle class, he believes it’s propaganda to say America is the greatest country. Financial planner Alvin Carlos notes the challenges of rising expenses compared to stagnant wages.

Middle class Americans can still thrive by being savvy with their finances, according to Carlos. Steady investing in diversified index funds over time is a key strategy, rather than chasing volatile investments. He also advises leveraging tax advantages and learning to budget independently to build wealth effectively.

Phillip Durbin emphasizes the value of personal finance education and self-management of investments. For those who find it challenging, working with a financial advisor who educates rather than just managing funds can be beneficial. Teaching kids about personal finance is crucial for their future financial success.

Roth IRAs are highlighted as a tool specifically designed to benefit the middle class, providing tax-free access to funds in retirement. Health savings accounts are also recommended for long-term financial success, with triple tax savings and the ability to grow investments tax-free for medical expenses.

Read more: Why Grant Cardone Says the American Middle Class Is ‘Broken’