More than 60 percent of Americans in the middle class said they are “struggling financially” and do not expect things to turn around for the rest of their lives, according to a poll released Tuesda…
If you read the article, it’s defined purely in terms of income:
The poll, commissioned by the National True Cost of Living Coalition, found that around 65 percent of Americans who are considered “middle class,” earning above 200 percent of the federal poverty level (FPL), are in a financial struggle.
In a way, it kind of proves the point that we need to reevaluate what the actual cost of living is in the modern age. For a family of 4 to be considered middle class by this metric, they would have an income of $62,400/year or higher. For a single individual, it’s just $30,120/year. I don’t know anywhere in the US where making $15 an hour means you’re in the middle class, yet the federal government wants to keep acting like it’s the 1980s and you can live it up to an extent on such a meager income.
That being said, financial struggle doesn’t necessarily mean they’re one step away from being destitute. It could just be a struggle to maintain their current standard of life, where is used to be taken as a given that this would improve over time.
For decades, ‘middle class’ was defined as one income that could pay for a family of four. Up until the Nixon inflation of the 1970s anyone with a halfway decent job was ‘middle class.’ Back then $1 million was a giant fortune
Then Reagan came in with his tax cuts for the rich. By 1992, middle class was defined as two incomes and $1 million was what a rich guy paid for a party.
there will never be an administration that would sign off on adjusting the measurements such that millions of people would suddenly be categorized in a lower class than they are. that would make the people calling the shots look bad
Perhaps, but they could minimize the damage from that if it was paired with a comprehensive plan to improve living standards that people actually believed would get passed, and following through on that. Meanwhile, the longer they go on denying the reality voters are experiencing daily, the more they undermine their credibility. At best, they come across as out of touch or incompetent, at worst as outright malicious.
Nah it’s way easier to point the finger at minority groups and claim they are the cause of all our troubles. It’s been working great for years, why would the ruling class stop now?
Believe it or not, there have been well-reasoned, aptly articulated arguments against capitalism delivered by earnest, enlightened people (and members of every class), delivered chiefly out of compassion for their fellow man, for over 200 years.
Anti-capitalism sentiment is in no way a transient sensation. It’s clear from your comments you aren’t well-read on the subject, and I don’t mean that as an insult; with some even-keeled reading of relevant works rather than knee-jerk dismissal of all criticism of capitalism as people looking for something to “blame for their woes,” you will undoubtedly have a better grasp on the world and your own position in it.
If you read the article, it’s defined purely in terms of income:
In a way, it kind of proves the point that we need to reevaluate what the actual cost of living is in the modern age. For a family of 4 to be considered middle class by this metric, they would have an income of $62,400/year or higher. For a single individual, it’s just $30,120/year. I don’t know anywhere in the US where making $15 an hour means you’re in the middle class, yet the federal government wants to keep acting like it’s the 1980s and you can live it up to an extent on such a meager income.
That being said, financial struggle doesn’t necessarily mean they’re one step away from being destitute. It could just be a struggle to maintain their current standard of life, where is used to be taken as a given that this would improve over time.
Think of it this way.
For decades, ‘middle class’ was defined as one income that could pay for a family of four. Up until the Nixon inflation of the 1970s anyone with a halfway decent job was ‘middle class.’ Back then $1 million was a giant fortune
Then Reagan came in with his tax cuts for the rich. By 1992, middle class was defined as two incomes and $1 million was what a rich guy paid for a party.
there will never be an administration that would sign off on adjusting the measurements such that millions of people would suddenly be categorized in a lower class than they are. that would make the people calling the shots look bad
Then you reclassify it day one and make a point of doing it retroactively, showing how the previous (Republican) administrations are to blame
This is it, folks
This is why the presidential administration should not be the source of these definitions.
Perhaps, but they could minimize the damage from that if it was paired with a comprehensive plan to improve living standards that people actually believed would get passed, and following through on that. Meanwhile, the longer they go on denying the reality voters are experiencing daily, the more they undermine their credibility. At best, they come across as out of touch or incompetent, at worst as outright malicious.
Nah it’s way easier to point the finger at minority groups and claim they are the cause of all our troubles. It’s been working great for years, why would the ruling class stop now?
Pretty sure “capitalism” is the whipping boy of the present day for people to blame for all their woes.
Believe it or not, there have been well-reasoned, aptly articulated arguments against capitalism delivered by earnest, enlightened people (and members of every class), delivered chiefly out of compassion for their fellow man, for over 200 years.
Anti-capitalism sentiment is in no way a transient sensation. It’s clear from your comments you aren’t well-read on the subject, and I don’t mean that as an insult; with some even-keeled reading of relevant works rather than knee-jerk dismissal of all criticism of capitalism as people looking for something to “blame for their woes,” you will undoubtedly have a better grasp on the world and your own position in it.