The decline of the middle class
The time is 1950. Families were living in newly built houses in the suburbs of a city. Expansion was so rapid that many houses were constructed the same to save time. The father of the house had a good paying job and was able to save enough money to live comfortable. Money was good enough that the wife didn’t have to work if she chose not to. The family could go on vacation every year as well. Every Saturday, men would open their front doors to grab the newspaper with a cup of coffee in his hand, he notices his brand new car while looks at his freshly cut green grass. This is the American dream; this is the middle class. These are the people who make the things we use; they are the backbone of America. Over the next 60 years, the technology will change the world and the way it does business. These changes will affect America’s working class, changing how Americans live. The Decline of the middle class could be related to industrial changes in business, stagnant wages and high taxes in America’s working class.
Who is the America’s middle class? According to Jack Brubaker of Lancaster Online, “90 percent of Americans consider themselves members of the economic middle class.” These are households that make more than $25,000 a year, just above the US government’s poverty level. Everyone believes they belong to the middle class, from families struggling to make ends meet while on government assistance, to a banker who makes more in a month than some people make in a year. According the US census bureau, the median household income is just over $50,000 a year. While researcher’s statistics vary, a person belonging to the middle class makes $40,000 to $100,000 a year.
The talk about middle class is something all Americans hear every four years during presidential elections. They are the leverage of all political speech’s to get Americans to feel like their life’s are improving, instead of declining, even though studies are showing the opposite. The