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Obit
The Middle Class, a popular figure in American folklore, died this week after a long battle with capitalism. Its passing has been expected since the recent death of its partner, The American Dream.
Over the course of close to a half century, the middle class has gone from the default position of most Americans to—officially, now—a minority status. The latest Pew Research Center figures, released yesterday, show that at long last the middle class is not the American majority any longer. Now, the middle class constitutes a statistical minority compared to the aggregate of the rich and poor. “ In early 2015, 120.8 million adults were in middle-income households, compared with 121.3 million in lower- and upper-income households combined, a demographic shift that could signal a tipping point.”
<snip>
America, a Christian nation, believes that The Middle Class may rise again. Whether this turns out to be a dumb myth remains to be seen.
Over the course of close to a half century, the middle class has gone from the default position of most Americans to—officially, now—a minority status. The latest Pew Research Center figures, released yesterday, show that at long last the middle class is not the American majority any longer. Now, the middle class constitutes a statistical minority compared to the aggregate of the rich and poor. “ In early 2015, 120.8 million adults were in middle-income households, compared with 121.3 million in lower- and upper-income households combined, a demographic shift that could signal a tipping point.”
<snip>
America, a Christian nation, believes that The Middle Class may rise again. Whether this turns out to be a dumb myth remains to be seen.
http://gawker.com/the-middle-class-is-now-a-minority-1747290888
R.I.P. (Requiesat In Pace) Middle Class. I knew you well.
