Does The Middle Class Really Exist?

It did once but it no longer has the same meaning as in the past.

When I was young there was always the meme that if you work hard and do the right thing you will find yourself living the American dream…..living in the Middle Class.

Sadly that seldom came true after about 1970…..the American people found greed and all its evils….and they liked it.

I have been telling my readers the loss of the Middle Class for years.(sadly few would listen)…..

https://lobotero.com/2018/11/09/wheres-that-middle-class/

https://lobotero.com/2017/06/14/who-or-what-killed-the-middle-class/

https://lobotero.com/2009/12/05/where-has-the-middle-class-gone/

There are many others but you need to look around IST on your own…..

That mythical place called the Middle Class…..sorry but it NO linger exists….

Delia did everything right. She went to college, she got a teaching degree, she found a reliable job, and she got married. She and her husband had two kids. “We followed the traditional path to middle class and economic security,” she told me. “Or so I thought.”

As a teacher in New Jersey, Delia, age 41, makes around $115,000 a year; her husband, who works as a carpenter, makes $45,000. Their $160,000 combined family salary places them firmly in the American middle class, the boundaries of which are considered to be two-thirds of the US median household income on the lowest end and double that same median on the highest, and adjusted for location. (According to the Pew Middle Class Calculator, Delia’s household income places her family in the “middle tier” along with 49 percent of households in the greater tri-state area.)

To most people, $160,000 sounds like a lot of money. “Middle tier” sounds pretty solid. So why does Delia feel so desperate? She’s able to put $150 a month into a retirement account, but the family’s emergency savings account hovers at just $400. Going on vacation has meant juggling costs on several credit cards. “I don’t feel like I’ll ever have a day that I won’t be worried about money,” she said. “I’m resentful of my partner for not making more money, but more resentful of his crappy employer for not paying him more.”

https://www.vox.com/the-goods/22166381/hollow-middle-class-american-dream

And yet the GOP and Centrist Dems keep trying to sll the antiquated idea of a Middle Class.

Do Not Believe It!

Look around and tell me what you see.

Be Smart!

Learn Stuff!

I Read, I Write, You Know

“lego ergo scribo”

2 thoughts on “Does The Middle Class Really Exist?

  1. $115,000 a year for a teacher? The top pay scale for a school teacher here is £42,000. ($85,000)
    That’s a good salary for Delia. How come she finds it hard to manage on that kind of money?
    Best wishes, Pete.

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