Middle class will definitely change a lot in the next 50 years since there will probably be 50 to 90% fewer people on the planet.  Crazy times bro.

the general Hive user is WAY middle class most probably below it

All depends where you live in the world as middle class for one could be elite for others. My thoughts are crypto could change things drastically depending on what you invested into and for how long. 10 years should do it if you remain active within the likes of DeFi and staking. Things change and can see crypto investors leading the way in new wealth within the next decade surpassing doctors and lawyers comfortably. 

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If the miserable class is less than $10K a year, then I am ultra miserable class hell level, since I can't even earn $10K a year in a normal job in Venezuela. But as you say, if we talk in terms of crypto, then everything changes, since we see a better panorama.

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Si definitivamente el mundo de las criptomonedas esta haciendo mucho mas asequible la riqueza a la gente común, solo viendo ese ángulo y empezar a entender ese otro punto de vista que para muchos aun hay escepticismo. Estamos en una época de grandes cambios

That is an interesting take. I think it could be a possible shift but I have a feeling that there will be a ton of dead projects as well. So people need to invest into the right cryptos otherwise the middle class might not shift too much.

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Las clasificaciones por clase ya no dicen nada, prefiero la clasificación: depredadores, víctimas y ciudadanos. Hay depredadores que tienen recursos así como están los que no tienen. Igual con los otros, pero el mundo necesita son ciudadanos.

Nice read, totally agree with you. 
When most people think about income = wealth, I like to think about what percentage of that income are you actually saving or investing, after covering your basic needs.
And by basic needs I mean eating nutritious food, being able to take care of your health, and living in an appropriate housing in a non toxic environment, some things that even a lot of so called rich-people don't seem to care for... crazy right?

While this may be very correct. Positioning is very important as well. And Some people have zeroed their minds such that you can not even convince them that their lives could be a bit or lot more better. Who is to blame? Their scam experience or they themselves? 

LOL. Miserable class.
Were these charts made by organization that is trying to fight global poverty?
They will kind of skew data and make up stuff like this to fit their views. I do agree that half of the world is in poverty though.

Will greed also exist in crypto world?
Will those who have hold enough be willing to share and empower others.

 
 Hive has empowered so many but I can still see people not willing to share the knowledge of hive with their neighbors hoping that they won't come onboard to beat their earnings  

Crypto has empowered more lives than any government has every tried to. 

I highly doubt any of that is important unless you factor standard of living into this

So most of these people don't have any actual cash or considerable assets.. Sure their gross incomes are calculated but how their money allows them to live is the problem. When over 40% of americans will panic and not be able to afford a $500 emergency or they get knocked totally off their axis.

I think it's ridiculous to consider that an abundance of anything. that is just ridiculously ignorant.

As far as a crypto middle class. There is no crypto middle class. Crypto is astronomically worse than the standard of living we experience on average.

Crypto is almost like a lottery system where a few people a very small percentage hit big in crypto. They are akin to lottery winners. It's like the guy who plays lottery everyday and once in a blue moon he hits big. Most people barely have anything in crypto.

You all do you understand. i'm not even going to focus on the ridiculous shitcoins. you all do understand that 87% of bitcoin network is owned by only 1%. It's probably like 10 wallets holding most of that.

So where is all this abundance of opportunity. i think this is like the guy where you got the one scammer who lets the one guy get rich.. then he uses that one guy for every example. thats like you edicted, lol. That's you.

Crypto is accomplishing the goal it should. Nobody is going to take it serious until it does. I know alot of people go but there is all this money in crypto. yes from the institutions and venture capitalist and rich.. And guess what they in turn hold all that wealth in crypto just like they do in the standard economy.

So the poor ignorant people need to stop falling for crypto gimmicks.

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> The average person is on the verge of becoming a millionaire by design. 

I had this exact conversation with a friend the other day. If we keep playing our cards right especially with the benefits crypto affords us, we are on the road to hitting it big..

This is a beautifully written post.

P.S: *Thank you so much for the support 😊*

*Miserable* because it’s a global chart? Poor in the U.S. is a lot wealthier than *miserable* in Mozambique?

First off, I'm sure nobody here would define Middle class with any of the definitions above. Anyway, like you said, alot out there are looking for opportunities.  Hive is changing lives,  everyday we wake up to something new. An update or a project. 

> we must assume that the middle class is going to be a lot more wealthy than their predecessors. 

No matter the definition , I totally agree with this assumption.  Alot of insane things happening these days. 

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> It's also very unclear how debt fits into all this.

When you consolidate the debt of the majority, in terms of "assets they poses", they have nothing.

The incentivized economy on the other hand is actually putting real capital into the hands of people and not credit-based assets. The wealth shift will happen because he who actually has wealth as opposed to "paying it off" is the wealthy one... as you say, you just need to show up and begin collecting!

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Crypto-wise, just like you said, the concept of middle-class or whatsoever-class are all undergoing changes and upgrades per year. And relatively because times are changing decentralization is evovlving, fiats are weakening etc.. @edicted 

lol my dad's ex fell for most, if not all, schemes on that list

Seriously, though

> Is it possible that crypto could even statistically reduce domestic disputes and things like that?

Given that many of the issues of our society have their roots in inequality, I think there is a good chance crypto could do wonders in reducing them.

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Data is wrong IMO. The middle class is 500k-1M. And heavily depending on the area you life.

In the middle of nowhere, 500k can be middle-class.

In a booming area, 2M can be middle class.

The middle class in the classic meaning is "owning a house dept free" at a minimum.

Everything else is in the economic matter "poor". 


But you told that already. In the past the meaning was different.

In the future will be middle class " renting a home and owning nothing".


But the lifestyle is a lot different too.

What i see is people spend a lot of money on stuff that has literally no resell value all day long.

Licenses for software and freedom activity. Fun and expensive consumer goods are more in favor of buyers than saving money and investing it.

Bad financial education.

>In the last 50 years, the definition of 'middle class' changed greatly. In the next 50 years, the definition of 'middle class' will shift again just as hard, but in the opposite direction. The average person is on the verge of becoming a millionaire by design. Abundance is popping up all around us. All we have to do is show up to collect it and share it with others while building community.

Sounds good, but I don't think this will happen. For that, the avg need to understand how interest rates work.

Needs more financial education, less value spending on things they don't need.

Investing in the 20s is more valuable than investing in the 30s and so on.


 It will never change "money" or "value" needs to be valuable and will always need work and have risks.

Maybe you are right and the future will be Disney land, but I don't think so.



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All fingers are not equal. In every society we must see middle class of people

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This is very possible, but is this group ready to make the move into crypto? I think it's still going to take most a few more years to make the leap. Guess we'll see. 

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