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Reply to "Can we stop referring to households making $200 or 300K a year as "middle class"?"
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[quote=Anonymous]FYI, from the New York Times today: "Middle Class Shrinks Further as More Fall Out Instead of Climbing Up" http://www.nytimes.com/2015/01/26/business/economy/middle-class-shrinks-further-as-more-fall-out-instead-of-climbing-up.html?hp&action=click&pgtype=Homepage&module=photo-spot-region®ion=top-news&WT.nav=top-news&_r=0 Definition of "middle class" from the article: “I would consider middle class to be people who can live comfortably on what they earn, can pay their bills, can set aside something to save for retirement and for kids in college and can have vacations and entertainment,” said Christine L. Owens, executive director of the National Employment Law Project, a left-leaning research and advocacy group. [/quote]
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