James Altucher claimed the middle class is dead in an article from 2013 [0].
I believe he's correct. In Europe the situation isn't much different from the USA. Middle class wages have not increased while company profits did increase in the last ~5 years. More data to be found in the Global Wage Report 2014/15 [1].
In Europe, our situation is very similar to the US -- we are just some years behind. So whatever happens to the US, is also happening to middle Europe. The reason is, that our governments are happening to copy all the trends from the US and sell it to the citizen as great "blessing" from the US, even when the US long has found that it was a mistake.
And yes, the middle class is also in decline in Europe very fast. Germany once had one of the best social security system in the world. Today it is in decline very fast and some thing is happening, that nobody would have found possible in 1990 ... we speak today of "poverty among the elderly" and not for some percent, but of vast numbers of them. And those things that where invented to prevent it, happens today to be the reason for it.
The dreams of "unlimited money and profit" from the 80s, 90s and 00s where found to be false dreams that came only true for <1% of the people.
And yes, the middle class is also in decline in Europe very fast. Germany once had one of the best social security system in the world. Today it is in decline very fast and some thing is happening, that nobody would have found possible in 1990 ... we speak today of "poverty among the elderly" and not for some percent, but of vast numbers of them. And those things that where invented to prevent it, happens today to be the reason for it.
The dreams of "unlimited money and profit" from the 80s, 90s and 00s where found to be false dreams that came only true for <1% of the people.