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LA Wildfires Burn Black Middle Class Housing Towns, ‘Reconstruction Fear’ Community Collapse While the LA wildfires focused Korean media on the loss of celebrity luxury homes, the total destruction of typical black middle class housing complexes and rental housing towns has increased ‘redevelopment project fears’ and wealthy areas are hiring private firefighters, showing signs of community colla..

Inflation calms down, 3-class division, US rents rise, job insecurity, poverty increases As inflation calms down in the US economy, the legacy of interest rate cuts has led to the division of the 3-class into the wealthy, upper-middle class, and the poor, and the 'poverty index', which suffers from absolute poverty due to rising rents and job insecurity in the US, has risen. The New York Times r..

With the market currency supply increasing by more than 1% per month, foreign stock investment is rapidly flowing out of Korea, and the employment of the middle class is worsening. In November of last year, the currency supply (M2) was 3589 trillion won, up 39 trillion won from the previous month, up 39.4 trillion won (1.1%) from October. The Bank of Korea predicted that the net outflow of forei..

People in their 30s started intensively buying apartments for the middle class, and it seems that 100,000 new government officials were hired. In the early days of the Moon Jae-in administration, on May 9, 2017, the number of central government officials increased by 113,000 from 631,380 to 744,254 this year. In addition to the apartment buying trend, people in their 30s seem to be the main play..