We’ve been hearing a lot lately about the disappearing middle class, primarily in campaign speeches by candidates for president.
Hillary Clinton has begun using the term “everyday Americans,” most likely because she doesn’t want to spell out who she classifies as middle class. She’s not alone. Most candidates do not want to define how they determine middle class income because it depends on so many factors, and you can be thought of as “out of touch” if you float an income range as middle class.
Determining whether you are middle class comes down to self-identity. “The middle class label is as much about aspirations among Americans as it is about economics,” wrote Patricia Cohen, “but a perspective that was once characterized by comfort and optimism has increasingly been overlaid with stress and anxiety.” Continue reading