What is the middle class trap?

The middle-class trap refers to a socioeconomic phenomenon where individuals or families in the middle class find it difficult to improve their financial situation or achieve upward mobility despite their efforts. This can result from rising costs of living, educational expenses, stagnating wages, and limited access to wealth-building opportunities. As a consequence, many may find themselves stuck in a cycle of debt and financial stress, unable to transition into higher income brackets. The trap highlights systemic barriers that can inhibit economic advancement for the middle class.