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$4K in "assets" is poverty, it's the underclass or the bottom 50%. A one basic car worth of assets is nowhere near middle class either. The truth is that the mi
by akomtu 6y ago
$4K in "assets" is poverty, it's the underclass or the bottom 50%. A one basic car worth of assets is nowhere near middle class either. The truth is that the middle class is rapidly shrinking.
- dmwallin 6y agoWe are talking about liquid assets though, not net worth. As other commenters have pointed out, the middle class has most of their net worth tied up in non-liquid assets such as cars, houses, or retirement funds.