Dr. Gil Feiler
They did everything right. Why is security moving further away?Across the world, families who study, work hard and earn a decent income find that a home, an education and a secure old age keep slipping out of reach. In the United States, median household income reached a record in 2025, yet more than one adult in three still could not cover an unexpected $400 expense from savings. In Europe, young people in Italy and Spain leave home at thirty. In China, a middle class that saved in apartments watches property prices fall. In Egypt, Lebanon, Turkey and Nigeria, devaluation has dissolved the savings of a generation.Drawing on primary data from statistics offices, central banks, the OECD, the World Bank and the ILO, and on four decades of first-hand observation from Tbilisi to Tokyo and from Cairo to Caracas, Dr. Gil Feiler explains the two levels of the trap: the household caught between rising prices for the things that buy security and cheap prices for the things that do not, and the nation stalled at middle income.The book examines the illusion of rising incomes, the two-income trap, life one shock away from crisis, the psychology of looking rich instead of being secure, credit and the end of delayed gratification, the retreat of the welfare state, the death of the collective, the broken mobility ladder, the gap between productivity and pay, white-collar automation in the age of AI, and the ownership gap. Six regional chapters test the trap across the United States and Europe, East Asia, the Middle East and the Gulf, the Caucasus and Eastern Europe, Latin America, and India and Africa.Honest about where the evidence supports the popular story and where it does not, the book ends with a practical way out: four steps for individuals, from salary thinking to asset thinking, and the policies that work for governments and employers. 6
