Middle class is such a stupid term. It doesn’t mean anything, almost everyone in society considers themselves middle class. It is only useful because of that self identification, so a politician can say “I’m helping the middle class” and 95% of society thinks the politician cares about them.
Middle class, upper middle class, upper class, lower class. They all go homeless after a single tragedy.
Uh, no. There have been all kinds of studies about that. About 40% of Americans are one missed paycheck away from financial disaster. But, that leaves about 60% who aren’t. The upper 10%, who are still mostly “working class” by this definition, can almost always weather a major event like the 2007/08 financial collapse without losing their homes. These are people who still work for a living: doctors, bankers, lawyers, upper managers, etc. but who have savings and investments. A financial collapse might mean drastic lifestyle changes, dipping into savings, maybe selling some things, but it doesn’t mean homelessness. In fact, a lot of people in this top 10% own a vacation home or a cottage or something. At worst they might have to sell that, while keeping their main property.
There’s working class and there’s capitalists.
Some working class people make more than others but propaganda has made them think that they are a different class of people.
Middle class, upper middle class, upper class, lower class. They all go homeless after a single tragedy.
Middle class is such a stupid term. It doesn’t mean anything, almost everyone in society considers themselves middle class. It is only useful because of that self identification, so a politician can say “I’m helping the middle class” and 95% of society thinks the politician cares about them.
There is capital and there are the others.
Uh, no. There have been all kinds of studies about that. About 40% of Americans are one missed paycheck away from financial disaster. But, that leaves about 60% who aren’t. The upper 10%, who are still mostly “working class” by this definition, can almost always weather a major event like the 2007/08 financial collapse without losing their homes. These are people who still work for a living: doctors, bankers, lawyers, upper managers, etc. but who have savings and investments. A financial collapse might mean drastic lifestyle changes, dipping into savings, maybe selling some things, but it doesn’t mean homelessness. In fact, a lot of people in this top 10% own a vacation home or a cottage or something. At worst they might have to sell that, while keeping their main property.