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I agree that your definition is more useful. In the article they define 'middle class': > whose incomes fall in the middle 60% of American incomes, which is wh
by ansgri 4y ago
I agree that your definition is more useful. In the article they define 'middle class':
> whose incomes fall in the middle 60% of American incomes, which is what Brookings defines as the middle class
So we have a conflict of definitions: your socioeconomic definition, and this purely statistical definition. Evidently, many people somewhere got the idea that these two should roughly correspond to each other.
- LatteLazy 4y agoHere in the UK it is more and more common to equate earned income and wealth/richness. But it has rarely been less true: a combination of income taxes, student loans, other work-associated costs and housing costs for people that don't own outright mean that you can be on a very high gross income and have little to no disposable income or safety cushion. Meanwhile we have pensioners complaining they only get 12k a year when all their housing, property taxes, travel, heating and other costs are taken care of and that's basically £1000 a month for groceries and fun-money...