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Thursday February 19, 2009

50 Cent is worried the global economic downturn will have a detrimental effect on America’s middle classes.

The rapper-turned-entrepreneur – who recently revealed he had lost a “couple million dollars” during the recession – admits he’s worried how the weakened economy is affecting those not as wealthy as himself.

He says, “The Unites States is the place to do business, so if it’s bad here, where do you go?

“We may lose our middle class. If you have $20,000 in stocks invested in different areas, a home that you actually want to live in and a car, that’s middle class. So those people who had stocks in GM  like I had [are in trouble].

“My [broker] from [finance firm] Goldman Sachs just got laid off. [If] the guy you got assisting you… is having issues, then you really got to look into it.”