In less than 10 years, and even sooner. There will only
be three classes in the US. The very wealthy, and the
elite class, and the very poor. There will no longer be a
safety net because the wealth will be hoarded by the
wealthy. And, there will be a small middle class that
will be the police, and the military whom job is to
protect the wealthy, and separate them from thee poor.
This is the way in every third world country.

Thanks for this video.  Several years ago, I saw an interview with Mrs. Warren regarding her book, The Two Income Trap.   My husband and I had already experienced the Trap and found her views quite insightful.  Once again, I found this lecture quite insightful.  Unfortunately most moderns don't believe the significance of real data.  I have known for decades now, as we have experienced it personally, that the cost of housing, health insurance, and the costs of actually keeping Mom in the workforce have created a dependency on dual incomes.  We were once apart of it and were shocked at how much it was costing us.  We were literally saving change to buy milk for our 3 children.  The transmission going out on our 1 year old vehicle was ultimately the catalyst for change.  We bought some really good Christian budgeting books and realized the insanity of modern living.  We moved 1000 miles across country for better wages for my husband, affordable housing, and as Mrs. Warren suggested, good public schools.  That was 6 years ago.  Our growth, however, has continued us on this path.  We are now looking for ways for my husband and I to become independent financially.  Since we are beginning homeschooling, we are also considering moving into a farmhouse, having a few chickens and a larger garden etc.  It just seems the natural place to go now.  We've long realized there is really only the wealthy and the ever expanding poor.  What middle class?  It really has eluded us.

I used to belong to the middle class (kind of toward the upper part of it), now we are low income (or, as some charitable people like to refer to us as "trailer trash") which is to say:  we are poor.    You'd be surprised at how much you can live without when you have no choice.  

Since our new president came into office, life has gotten harder and I suspect it will continue to do so.  The first to be hard hit are people like us who haven't much to begin with.  But, as long as folks are still lining up with their new vehicles at latte stands, we still have a ways to go before the middle class is hit.

There is no place to hide.  Even if you happen to find a little corner where it hasn't hit yet, it will eventually.  

Considering the vast majority of those considered "middle class" have a net worth that is NEGATIVE, it is fair to say the existence of a 'middle class' is an illusion -- i.e., it already collapsed.