Reply to Can we stop referring to households making $200 or 300K a year as "middle class"?

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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][quote]I keep saying that people are deceived by the fact that several hundred thousand households in this area make over $200K and that makes them think that this makes it middle class. There are over a million households that make signficantly less than $200K. Yes there are many more families making over $200K than there used to be, but that's because the region's population is significantly higher than it used to be. Many of those million households also have student loans (there are many people who went to state schools at in-state rates that still have student loans to pay). [b]Additionally, people are measuring the middle class based on some outdated models from when we were growing up. The truth is that the lower classes from middle class down have less buying power than their peers and parents did from earlier generations. The middle class is getting poorer, not wealthier. Despite the whining from the upper classes, the policies of the last 30+ years have redistributed the wealth so that the upper classes have much more of the nation's wealth than they used to.[/b] [/quote]

Well said. And people who are earning more, but getting less for their money are just deceiving themselves. Basically it now takes two incomes working more than 40 hours each to make what our parents made with one parent working.
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