Can an economy in which 10% of the households qualify as middle class claim to offer widespread opportunities for secure prosperity? No, it cannot. Defining the middle class is a perpetually popular parlor game because it’s well-known that the foundation of widespread prosperity is a broad-based middle class and a sturdy ladder of social mobility that enables those below the middle class to work their way up to middle class security. Here’s an example of a typical trope on the subject: What Does It Take To Be Middle Class? The topic is also a perennial favorite because the middle class is losing ground. By basic measures of … Continue reading What’s It Take To Be Middle Class Now?