“America’s Upper Middle Class Feeling the Pinch Too”

“The cost of many products and services the upper middle class buys, from autos to college educations, is outpacing overall inflation. While having access to credit, these households are increasingly tapping into costlier forms of debt…

Credit card interest rates recently reached a generational high despite a relatively low prime rate. The spread between the two rates is at its highest point in almost a decade…

As of February, only incomes among the top 25 percent surpassed this rate at an annual basis, according to the Atlanta Federal Reserve. This means that for the rest, a greater share of income must go toward property taxes, leaving a smaller slice for everything else.”

https://finance.yahoo.com/news/america-upper-middle-class-feeling-130000583.html

My advice would be to take the credit card and cut it in half. Upper middle class can afford to do that. Everyone, not just the upper middle class, needs to live within their means. Maybe there’s a bigger problem I don’t see but the answer seems obvious.