If we define middle class by the security of household income and what that income can buy rather than by an income level, what do we conclude? We have little choice but to conclude the middle class is decaying, both in the percentage of the workforce that qualifies as “middle class” according to traditional standards and in the quality of life of those who do qualify.
There’s a longstanding way to understand the middle class quality of life: it’s supposed to be superior to the indignities of being poor. If you’ve been poor (and I’ve been down to my last $100), even for short periods, you know the indignities and frictions of being poor (and by poor I don’t mean on welfare, I mean working poor, with unreliable incomes and low wages).
Being middle class meant being able to escape the hassles and indifferent services that await the poor. Fast-forward to today: what day-to-day tasks and interactions are easy and cost-free for the middle class? How many are nightmarish, complicated, frustrating, and costly?