90% of Americans Think They Are Middle Class
According to PEW research, nine-out-of-ten Americans consider themselves to be middle class. That’s a large ‘middle.’ Maybe we need to agree on a definition for ‘middle class.’ This episode of The Business Class attempts to do so. The debate is lively and eye-opening.
“As we inch closer to the 2016 election, presidential candidates and politicians have begun to phase out the term ‘middle class’ from their vocabulary. Terms like ‘everyday Americans’ and ‘hard-working taxpayers’ are replacing the once-common term. ‘Middle Class,’ a phrase that once evoked a sense of optimism, shared wealth, and the American Dream, now invokes a sense of anxiety, and an uncertain future. Why? Because, as automation replaces jobs and the income gap widens, the middle class is in a catastrophic state of decline.” — VICE News