|
|
|
|
|
by dllthomas
4532 days ago
|
|
"It's the middle class, not middle income quintile." I made no claim to the contrary. But if we are looking at income figures to try and guess class, 1) we're going to be doing a poor job if we're missing at least 4/5 of middle class people, 2) we're going to be talking about something other than what everyone else means when they say middle class, or 3) the situation has changed and it's a recent development that so few people are middle class and the models haven't caught up. If 3, we've either seen tremendous immigration/reproduction in the lower classes (somewhat possible in the small, but a five-fold increase would mean the earlier figures were pre-1900, which is unlikely) or we've seen a lot of people leave the middle class in a downward direction - which doesn't say good things regardless of how well the remaining middle class is doing. If 2, we might be able to have a meaningful discussion but it's likely a different one than most people in the discussion thought we were having. If 1, we should pick better numbers or simply refuse to include income in driving our estimates. |
|
Thus policies for the 'middle class' are policies they identify with despite those policies not actually being particularly well suited to their economic situation.
IIRC I believe 90% of Americans think they are middle class, even from a quintile perspective this is probably skewed.