There is a lot of discussion of economic class in America right now. As those on the left begin to target billionaires, many economists are arguing that upper middle class Americans are victims in today's economy, and even more people are raising their voices to protest the cycle of poverty many lower class Americans are trapped in. But how do you place yourself in the midst of this national conversation? Could you say definitively which class you fall into? How can you partake in this important national conversation if you don't know the facts.

While people often think of economic classes as lower class, middle class, upper middle class, and upper class, the truth is more nuanced. In reality, there are three socio-economic groups to be considered particularly in conversations regarding government benefits or taxation rates. The first is the infamous top 1%, a group whose income has grown significantly since 1980, increasing as much as 400%, a rate that is significantly faster than the growth rate of the economy in that same time period.

Then, there is the upper middle class who make $120,000 to $425,000 a year post tax, and fall into the 90th to 99th percentile of income distribution. Since 1980, this section has been growing at about the same pace as the economy, remaining mostly neck and neck with the GDP.

Finally, there is the bottom 90th percentile of households, that make up the entirety of the final class. Though this group is more encompassing than you probably assumed, this is indeed a more accurate picture of the reality of the American tax system. This class has increasingly trailed the growth of the economy since 1980, meaning that they have held less and less of American wealth as time has gone on.

So what does all of this indicate? First and foremost, the upper middle class is right where they need to be. Their income is growing steadily as the economy prospers and they're taxed at a rate that allows for reasonable upward mobility. Meanwhile, the top 1%, whose growth consistently outpaces the economy, needs to be taxed at higher rates in order to allow for wealth redistribution to the bottom 90%, whose stagnancy indicates bad things for the American economy. Essentially, rising out of that bottom 90%, given current tax rates and economic possibilities, is a near impossible task, meaning that it's time to cut the taxes of this sector of the American population. A healthy and successful country is not measured by the total amount of wealth, but the distribution of that wealth, and it's time lawmakers take this into account.

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I thought I had a pretty good handle on my finances out of school. I worked several jobs while attending university and had little to no problem managing my income. However, once I graduated, I realized how much more complicated personal accounting could really be.

There were so many variables I needed to keep track of. Biweekly bills, monthly charges, and general necessities amounted to a heap of confusing numbers that were often impossible to decipher. The funniest part was that I was actually trying to do this by hand (I don't know what I was trying to prove to myself, either).

After messing up for the 17th time, I decided to give Microsoft Excel a shot. I used Excel a bit in school and I knew all the big-wig finance people used it, so what could I possibly have to lose? The answer is about six hours of my precious time. Excel isn't much of an improvement over handwriting and it's still dependent on the user to manually input all of the information. It's like doing everything by hand with the slightest help, meaning that it still required a tremendous amount of time and concentration. Well that was all for nothing, I guess.

It's sort of funny. I was certain that I could manage my personal finances with ease, when it's practically a full-time job. I was already stressed out enough with my first job and I knew I didn't have enough time to give my finances the attention it deserved.

That's why I decided to try out a budgeting app. My best friend told me that he uses an app called Truebill to manage his finances. "What does it even mean to manage your finances?" I asked him. He told me that Truebill was the personal financial assistant I wished I could have. It could aggregate all of my account information into one place and give me specific insights and actions.

I loved the idea of having full control over my finances, especially during a time of financial uncertainty, and I realized that Truebill would be the easiest way to accomplish this. The user interface is incredibly simple and intuitive, so it doesn't even feel like a finance app! Truebill offers a multitude of features, with their most popular being the ability to cancel subscriptions with the press of a button.

Okay, I had no idea how many subscriptions I was still subscribed to. In fact, I wasn't even using a quarter of the subscription services I was signed up for. Subscription boxes, streaming services, my old gym, and even an old subscription to my favorite magazine--it was all there and I was livid. How could I let myself waste all of this money and how did I never catch this? Thank goodness for Truebill.

Truebill also offers bill negotiations. There is a 40% fee based on how much you save and Truebill even claims that there is an 85% chance that they'll be able to lower your bill once a negotiation is requested. Why wouldn't I take them up on this? There was zero risk and I would only have to pay once my bill was lowered (which means that I would be saving money regardless).

More standard features of Truebill include the ability to generate a credit report on-demand and even request a pay advance. I only used the pay advance feature once when I wanted to buy a gift for my mom, but didn't have enough cash in hand and Truebill automatically reimbursed itself when I got my next paycheck.

The credit report is another fantastic feature and practically taught me what good credit meant. Truebill's credit report basically shows you which financial decisions have the most significant impact on your credit score and ways that you can improve your credit month-over-month. I've never had such control over my credit and it feels good.

I'll be the first to admit that I was extremely naive coming out of school. I figured that as long as I was attentive, I could manage my finances with ease. We manage money to some extent throughout our entire lives, but once you're thrown out on your own, it's a completely different story. With Truebill, I've finally been able to take control over my finances and stay on top of all of my responsibilities.

Update: Our friends at Truebill are extending a special offer to our readers! Follow this link to sign-up for Truebill.