There is no true definition of middle class. People making only $30k a month consider themselves middle class and people making $1 million also think they are middle class.
If we guesstimate middle class by comparable lifestyle when the term was coined, it starts around 250k in today money. Comfortable house, lots of kids, multiple cars (but not luxury), at least one real traveling vacation every year, never worrying about paying bills or buying food, all while saving enough to retire by 55. There aren’t many people in the US with the income to match that. I’d say the middle class is dead.
How about those that own things and control people so much that they can somehow get enough charity to live off it?
I somehow fail to understand how that manages to be a viable method.
There is no true definition of middle class. People making only $30k a month consider themselves middle class and people making $1 million also think they are middle class.
If we guesstimate middle class by comparable lifestyle when the term was coined, it starts around 250k in today money. Comfortable house, lots of kids, multiple cars (but not luxury), at least one real traveling vacation every year, never worrying about paying bills or buying food, all while saving enough to retire by 55. There aren’t many people in the US with the income to match that. I’d say the middle class is dead.
That’s a lot of caveats.
There is no ‘middle’ class. There is only ownership and labour.
I would argue there are at least 3 classes:
The impoverished class that makes their living from the charity of others
The working class that makes their living from their labor
The ownership class that makes their living from owning things
You basically can’t live on charity one of the classes you mentioned almost doesn’t exist
How about those that own things and control people so much that they can somehow get enough charity to live off it?
I somehow fail to understand how that manages to be a viable method.
Fair enough, but in a more just system, the impoverished class would barely exist, if at all.
FTFY :P
FTFY. You’re welcome.
Ha! Many thanks