My journalism professor is not an expert in finance or economics but has studied history. She is always giving us a negative lecture on the America's economy and how the rich are taking al of the wealth for themselves and letting America fall to ruins so everyone else loses everything and just is on the streets. She said this is basically what it like in Detroit and Michigan right now and that seeing how divided we are socially, she thinks we're going down just as worse as Rome.
She really freaked me out. Is this true> I know it sort of opinion based but if you can just give an answer on what would likely happen in a case of economic collapse for just America, just Europe, and if the whole global economy collapsed as well. I know the rich have enough investments and saved resources to live for decades, but for people like me lower middle class, what will happen?