Genteel Poverty & the Precariat Class Explained

In this video, we explore the concept of genteel poverty and its intersection with the modern precariat class. We'll unpack how genteel poverty reflects a quiet but painful decline in living standards for once old money upper-class individuals, often masking financial hardship with a veneer of respectability. The discussion will also delve into the rise of the precariat—a growing group characterized by unstable employment, lack of security, and a constant struggle to make ends meet. We’ll analyze the economic, social, and psychological implications of both, tracing their historical roots and examining how these classes continue to shape today's society.