The new middle class defined differently

One of the more surprising responses to the U.S. Great Recession has come from households with annual incomes of $250 000. Such households have never been considered middle class. Yet claims by this group the top 1.5% of all U.S. household income levels as having difficulty making ends meet has captured national attention and a rethinking of what it means to be middle class. Could it possibly be that high incomes were not what they once were? Or have these households like many prior to the Great Recession gotten caught up in debt and living beyond their . . .

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