Could it be caused by the fact that the middle class of the Western World seem to be shrinking all over the board, with job security and a smaller ration of hom

Could it be caused by the fact that the middle class of the Western World seem to be shrinking all over the board, with job security and a smaller ration of home owners as the result? When I grew up in the early 80's most kids would have expected to be home-owners at 25, have a steady job and a few kids with an optimistic look at the future. Instead, most woke up into a reality where they would have to partake in an obvious real-estate bubble, or rent a smaller-than-expected apartment in a downtrodden neigborhood, and where jobs were hard to come by due to outsourcing and automation, or to the older generations simply not wanting to retire. Most of those I grew up with now seem to be amongst the people with a very pessimistic world view. Have the World become a better place for the majority of the World's population? Definitely! For the middle class in Europe and North America? I'm not so sure.