alexandriaruthk profile image 54

How do you define middle class?


Many times I heard or read that middle class economic situation is the true gauge in which you can check if the economy is improving, but how do you really define middle class?

 

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LandmarkWealth profile image85

LandmarkWealth says

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4 years ago
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    alexandriaruthk 4 years ago

    Thanks for commenting. What other factors aside from income should you included or is it to your opinion that it can't be quantified at all?


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Wayne Brown profile image88

Wayne Brown says

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4 years ago
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    alexandriaruthk 4 years ago

    Do you think middle class as time goes by shrank? Thanks for commenting.

SidKemp profile image94

Sid Kemp (SidKemp) says

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4 years ago
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  • LandmarkWealth profile image

    LandmarkWealth 4 years ago

    I would challenage the notion that 90% of Americans will run out of money. In the financial planning field there is something called the mass affluent. They make up much more than 10% of the Population and are far from running out of money.


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Mom Kat profile image87

Mom Kat says

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4 years ago
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junkseller profile image89

junkseller says

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    alexandriaruthk 4 years ago

    Yes, as time goes by, our needs increase specially technology wise. This is true I suppose in a capitalist driven economy.

Ari Lamstein profile image79

Ari Lamstein says

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4 years ago
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    alexandriaruthk 4 years ago

    Thank you for that, I personally think that status by educational achievement by the household head should be included plus of course income (household).

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ib radmasters says

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Peter Geekie says

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