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Reply to "Rich+poor now outnumber the middle class "
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[quote=Anonymous][quote=Anonymous]Why do these threads always dissolve into very vocal people with 200+ HHIs insisting they are not "rich" and are "only middle class" because of the cost of living in this area. Who cares. We are talking about national level issues here folks. This study concerns me. The shrinking of the middle class only puts forth the potential for more social instability. Right now policy seems to lean towards more people getting college degrees to "grow" the middle class. It seems to me that currently this policy has only led to skyrocketing college tuition and ever-increasing student loan debt. I think it should lean towards job creation in skilled areas (both white collar and blue collar). As well as thoughtful discussions about salary structures within corporations, and access to affordable healthcare and housing. I don't pretend to know what the best plan is, but sticking my head in the sand and declaring that I am middle class because I can't buy a mcmansion in Bethesda on my $260,000 HHI is not looking at the reality of growing incoming inequality in this country.[/quote] First post in this 4-page thread that is right on. The middle class disappearing is a real problem. I agree that job creation is key ... but how? Change our labor policies so that the cost of goods/services here competes with 3rd world countries? Seed money into the economy to stimulate spending and create demand for local goods/services? Change tax policies to create incentives for innovation and business risk (start-ups)? Fwiw - HHI here of $250K, feel well-off but not rich. I'd say the entry end of upper class. [/quote]
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