Middle class financial anxiety

There is a school of thought that says people are spending too much money on luxury items (expensive coffee, upscale shoes, etc.).

The author is attempting to debunk that.

latte = expensive coffee bought at a retail outlet, such as Starbucks
designer shoes = brand-name shoes sold under a designer's named label

Middle class financial anxiety is NOT the result of spending money on expensive luxuries. It is the result of increased cost of the foundation or basic needs of modern life.

The middle class is worried about money because of the cost of things that we feel we need to live in the modern age.

It is the result of increased cost of the foundation or basic needs of modern life.

like ...any example ?

Incentives Are the Cornerstone of Modern Life
An incentive is simply a means of urging people to do more of a good thing and less of a bad thing. From childhood, we all learn to respond to incentives, positive or negative. If you get good grades in school, you get a new bike. If you break curfew, you’re grounded. If you do well on your SATs, you get to go to a good college. If you flunk out of college, you have to take a miserable job. If you do well at your work, you get promoted.

Economics, at its root, is the study of incentives " how people get what they want, or need, especially when other people want or need the same thing.

There are three basic flavors of incentives " moral, social and economic. Very often, an incentive scheme will have all three varieties. For example, the anti-smoking campaign imposed a $3-sin tax as an economic incentive against buying cigarettes. In addition, smoking was banned in restaurants and other public places; this was a social incentive. At the same time, government asserted that terrorists raised money by selling black-market cigarettes, which was a moral incentive against smoking.

What a crock of useless nonsense that does nothing to answer the question squirt.

Some examples:

The cost of housing has gone up.
Food costs are up
gasoline prices are higher


Items have been added to "needs" that didn't exist before
computers, dishwashers, 2 cars vs just one

The pace of society makes eating out (which costs more) necessary

P, I think it's time for your nap.