Monday, 31 March 2025

[Post 626] Shrinking Indonesian Middle Class: Why Are They Struggling? | Asia's Changing Middle Class | Insight





Summary

The growing middle class was once considered the engine of Indonesia’s leap to upper-middle income status. But 2024 revealed a startling statistic – the middle class in the world’s fourth most populous nation is shrinking, even as its economy grows at a healthy 5%. Compared to 2019’s numbers, over nine million Indonesians fell out of the middle class.

What lies behind this drop? Is it simply the long-tail effect of COVID-19, or have taxation, inflation and inequality changed what it means to be middle class in Indonesia? And with a new president at the helm, promising an 8% GDP growth, will the middle class be lifted by Prabowo's economic plans, or dragged down by them?

Friday, 28 March 2025

[Post 624] [ENG SUB] Why I changed my job at 40


Summary

"In my father's eyes, he thought I had everything right - a high degree, a good job, an excellent fiancé. But after he left, I realized that I was not happy."

She graduated from Stanford and worked in the financial industry, re-examined her life because of her father's death. At the age of 40, she completed a psychology course and became a psychological counselor.

Monday, 24 March 2025

[Post 623] Meet A Gen Z Electrician Working In A Hotel Staffed Fully By Women | Money Mind | Sri Lanka






Summary

Money Mind visits a workplace in Sri Lanka where the best man for the job is a woman. The Amba Yaalu Hotel in Kandalama is run by an all-woman team. And it's also helping to address one of the biggest problems facing young Sri Lankan women.

[Post 622] 5 Money-Losing Mistakes Young Investors Often Make (& How To Avoid Them) | Money Mind | Gen Z





Summary

5 investment mistakes that cost young adults thousands of dollars, and how to avoid them.

Thursday, 20 March 2025

[Post 621] I Bought Abandoned Apartments For $50K – And Turned Them Into $220K/Year Short-Term Rentals


Summary

Sara McDaniel, a real estate investor and content creator, purchased an abandoned property with eight apartments in Minden, Louisiana in 2021. She paid about $50,000 for the property and spent about $730,000 on renovations. Today, the apartments are short-term rentals known as "The Villas at Spanish Court," bringing in around $220,000 in 2024.

Unlocked is a home tour series focused on how much people across the globe spend on their housing, what they get for the money and what they had to sacrifice to make it happen.