A great discussion about what it means to be middle class these days:
*A lot of Democrats nowadays seem to suggest that “middle class” refers primarily to struggling families making $30,000 plus a year and backsliding into poverty — those families that the Harvard law professor Elizabeth Warren, a favorite among Democratic class warriors, refers to as the “vanishing middle class.” (I always thought of these voters more as “working class,” another non-defined category.) And yet the group Third Way, which holds down the little-manned moderate wing of the party these days, did a study showing that a lot of middle-class families are actually earning a good deal more than they used to, if by “middle class” you mean working parents with college degrees. The median household income in America, which should be a useful guidepost here, is something like $48,000. But Third Way showed—convincingly, it seemed to me, though Warren attacked the methodology—that if you remove single teenagers and senior citizens from the equation (not the people we generally think of as “middle class families,” after all), the median income is actually about $20,000 higher than that.A great discussion about what it means to be middle class these days.
A lot of Democrats nowadays seem to suggest that “middle class” refers primarily to struggling families making $30,000 plus a year and backsliding into poverty — those families that the Harvard law professor Elizabeth Warren, a favorite among Democratic class warriors, refers to as the “vanishing middle class.” (I always thought of these voters more as “working class,” another non-defined category.) And yet the group Third Way, which holds down the little-manned moderate wing of the party these days, did a study showing that a lot of middle-class families are actually earning a good deal more than they used to, if by “middle class” you mean working parents with college degrees. The median household income in America, which should be a useful guidepost here, is something like $48,000. But Third Way showed—convincingly, it seemed to me, though Warren attacked the methodology—that if you remove single teenagers and senior citizens from the equation (not the people we generally think of as “middle class families,” after all), the median income is actually about $20,000 higher than that.*
These two comments are telling of the new American divide:
*This is a great question. A family of four that has a combined income of $100K is definitely middle class. I am a 25-year-old single copywriter in new york making $75K a year and I define myself as middle class. Taxes and living expenses are so high that I’m lucky if i can save $1K a month. So what’s that, $12K a year - maybe i can afford a down payment on on aparment in 10 years, if i’m smart? Another day, another 30 cents, trying to eek out the American dream…
— Posted by shoz
You probably need to write for The New York Times or work for a tv network to begin to imagine asserting that the median family income is $68,000. Over 40% of American families earn between $70,000 and $94,000? Really? Have you been anywhere between the Jersey suburbs and California in the past decade? Have you looked around?
I know this is unimaginable for Times staffers, but there is a big country out there. Someone is balancing out those million dollar Manhattan payrolls and million-dollar Manhattan condos with $30,000 a year jobs and $150,000 houses to get to the quoted medians. And if Manhattan liberals think they will elect a President by pretending that they are “middle class” on $150,000 a year, they are leaving this nation to the Republicans once again.
— Posted by Ira *