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The literal next paragraph: Take, for instance, those lawmakers desperately workshopping messages to working-class folks: More than half of congressional repre
by aegypti 2y ago
The literal next paragraph:
Take, for instance, those lawmakers desperately workshopping messages to working-class folks: More than half of congressional representatives are millionaires. In academia, universities are steered by college presidents—many of whom are paid millions of dollars a year—and governed by boards of trustees made up largely of multimillionaires, corporate CEOs, and multimillionaire corporate CEOs. (I know because I serve on one of these boards.) Once, a working-class college dropout like Jimmy Breslin could stumble into a newsroom and go on to win the Pulitzer Prize; today, there’s a vanishingly small chance he’d make it past security. A 2018 survey of elite newsrooms found that 65 percent of summer interns had attended top-tier colleges.
Halfway through:
As a result, the very term middle class has become a meaningless catchall for a disparate range of lived financial experiences. No wonder so much policy and rhetoric geared toward this group fails to stick. Who are these policies actually for? And what theoretical problems do they aim to address? Those of the third-generation college-educated social worker, whose parents helped her with a down payment on a house? Or those of the first-gen woman with student loans who holds the same job and lives in a rental apartment? Technically they earn the same wage and both likely see themselves as middle class, but they have extremely different lives because only one is a member of the comfort class.
Members of the comfort class are not necessarily wealthy. Perhaps one day they will earn or inherit sums that will put them in that category. But wealth is not the marker of the comfort class. Security is. An emergency expense—say a $1,200 medical bill—would send most Americans into a fiscal tailspin; for the comfort class, a text to Mom and Dad can render “emergencies” nonexistent.
IE they are intentionally conflating wealth with security to illustrate the concept of a “comfort class”. It’s The Atlantic, not The Economist. There Will Be Style.
- rayiner 2y agoConflating wealth with security is inaccurate, but the article doesn’t make sense even in its own terms. For example, “millionaires” aren’t rare. The median age of Congressional representatives is 57.5. That puts the average House member outside the top 10% of wealth for that age group, but somewhat inside the top 25%. https://www.myroadtofire.com/blog/average-net-worth-by-age https://www.myroadtofire.com/blog/average-net-worth-by-age. Similarly, a $1,200 medical bill wouldn’t “send most Americans into a financial tailspin.” Neither of my wife’s parents finished college, and none of their parents did. They could all afford a surprise $1,200 medical bill. Again, the median income of a married couple household with children is $120,000/year. These are folks who can expect to be worth a million dollars after working and saving for 30 years, and who can afford a $1,200 medical bill (and support their kids or family members in such a situation). The article is painting a misleading picture of how secure Americans are. It is making this level of security seem rare, akin to “generational wealth,” when in fact it’s extremely common.
- aegypti 2y agoMarried couple households, comfortable. Secure. ~30% of children in the US don’t even live with 2 parents. “Middle class” was used once in reference here to class dysmorphia while working-class was used 5 times: the very term middle class has become a meaningless catchall for a disparate range of lived financial experiences Thus, a “comfort class”. Big enough to have seemingly hijacked the Democratic Party. Reads as less rare than distinct from the working class proper for me, personally.