Actually, China also has a kill zone similar to the United States

Middle-class kill zone

In the next 10 years,
There will definitely be opportunities to see a large number of middle and upper-middle class fall back to ordinary people

Many middle and upper-middle class individuals around me are experiencing a drop in social class
They don't even need their unproductive descendants to fall behind
Their own generation is already rapidly declining
Some are long-term unemployed,
The entire family’s income drops to zero or significantly decreases;

Some lose their earning ability due to serious illness;
Or make mistakes in buying property or investing, losing millions annually,
All of these cause the wealth they accumulated in previous years to rapidly evaporate,
Or they can no longer maintain their original lifestyle,
Starting to cut costs and increase income

A friend graduated from university and by age 28,
Six years of smooth sailing,
Official employee at a state-owned enterprise, fully paid-off house and car,
Investing in side businesses, holding 800,000 in savings.
He traded in cryptocurrencies for two years, a rookie, and is 30 years old this year,
With debts of 1.2 million.

Another friend invested in cryptocurrencies,
Gradually invested over 2 million,
At its peak, A8
On 10.11, all wiped out

Retirement is still a long way off,
If a few years pass and there’s still no improvement,
They will definitely become similar to the "middle-class kill zone"

If you don’t work hard but don’t take risks, you will gradually become poor
If you work very hard but take the wrong approach, you will suddenly become poor
So where is the meaning of effort?
$btc