From Yahoo Finance: 2025-06-15 10:01:00

The CEO of Basic Capital pitched a video promoting the company’s funding services to bridge the wealth gap, drawing criticism. Personal finance influencer Ramit Sethi warned against predatory financial schemes with high fees targeting the middle class. BNPL payment methods offer short-term lending for purchases, but late payments can lead to high interest rates.

Timeshares allow multiple parties to buy vacation properties together, but high-pressure sales tactics, hidden fees, and maintenance costs have tainted the industry. For-profit colleges promise flexible schedules and fast-tracked programs, but graduates often default on student loans, leading many to consider them predatory. Middle-class households hold the most credit card debt, with speculation on reasons behind this trend.



Read more at Yahoo Finance: If You’re Middle Class, Avoid This Financial Move ‘at All Costs’